Mortgage And Real Estate News

Sunday, February 23, 2014

Retirement is eluding some blue-collar workers in U.S.



Tom Edwards grew up in a family that’s been cutting trees and hauling timber in the Pacific Northwest for more than a century. The Spanaway, Wash., resident says he has worked as a logger since he was a kid — it’s just what an able-bodied youngster was expected to do.

Now, at 53, with business in a slump and little money in savings, he’s pessimistic about his chances of retiring.

“It’s never going to happen. By the time I reach retirement age, there won’t be Social Security. There’s not going to be any money,” Edwards said.

Read more...Retirement is eluding some blue-collar workers in U.S.

Reuters: Business News

National Commercial Real Estate News From CoStar Group

Latest stock market news from Wall Street - CNNMoney.com

Archive

Recent Comments