Fearful baby boomers rein in their spending

Fearful baby boomers rein in their spending

September 13, 2014

Senior discounts won’t stop this financial meltdown. New York City’s richest retirees can’t shake off the Great Recession — they’ve cut spending to the bone, fearing another stock market crash, according to new research and personal finance experts. “The market has taught them lessons,” Beth Finkel, New York State director of the American Association of Retired People (AARP), told The Post.

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