Take Two for October 26, 2012

Is the Great Recession redefining retirement?

Joern Pollex/Getty Images

An elderly couple hold hands at a trade fair at the “Seniorentag 2012” senior citizens convention on May 3, 2012 in Hamburg, Germany.

College students are struggling to get a job is this economy, in part because baby boomers are delaying retirement.

A third of middle-class Americans surveyed by Wells Fargo say they plan to work until they're 80 years old. The problem with that is the current average life expectancy in this country is 78.

We all know it's tough to save for retirement in this economy when so many people are living paycheck to paycheck

So the question is: has the Great Recession redefined "retirement"?

For more on that we're joined Marci Alboher, vice president of Encore.org, a non-profit group that encourages people to do social good instead of retirement.


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