You can now read 10 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe



Seniors’ savings woes point to need for thoughtful policies, practices

The Globe should be commended for its Oct. 1 article “Low rates frustrate savers,” which gets at the untenable situation millions of older adults are facing.

Older adults have been disproportionately injured by the economic crisis, and financial planning and aging in place have been made all the more difficult, particularly for seniors of modest means. This problem illustrates the importance of renewed national commitment to strong defined benefit pension programs and retirement benefits, as well as continued support for strong Social Security and Medicare programs. We are all seniors in waiting, and we must be forward-thinking about policies and practices that will allow older adults to retire and live with dignity and economic security.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week