From the POST-GAZETTE:
In Pennsylvania, 46 percent of retirees have a net worth of less than $50,000 and 30 percent earn less than half of their pre-retirement income, according to survey partly funded by the Pennsylvania Department of Community and Economic Development.
The Elder Pennsylvanian Survey conducted by Widener University in Chester, in southeastern Pennsylvania, found that the state’s residents were hit hard by the Great Recession.
For instance, 70 percent of those surveyed were worried about outliving their retirement savings, while only 50 percent had that fear in 2007…
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