SOC 402 Week 3 DQ 1 Retirement

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SOC402 Wk3DQ1 Retirement

After viewing Retirement revolution: The new reality, examine how the topic of retirement has changed in American society since the 2008 recession. Describe how it has impacted your plans, family members, or friends plans for retirement. Compare traditional views of retirement with current views.

Since the 2008 recession, baby-boomers are experiencing major impacts on their retirement investments, as well as some traditionalists. Many Americans have had to use their retirement savings in order to cope. A quarter of Americans over the age of 50 have exhausted their retirement funds and approximately 48% have had a difficult time making ends meet because of increased household expenditures, unemployment, and the like. Approximately 57% of those having...

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