How the economic downturn is affecting the lives of baby boomers

    Baby boomers facing retirement have suffered significant financial losses in the recent economic downturn. About 52 percent of adults between ages 50 and 64 have thought about delaying retirement according to a recent Pew Research Center; another 16 percent say they will never retire. How will baby boomers afford to retire, how will they fund their retirement and can entitlements like social security and medicare survive? We hear from University of Pennsylvania Wharton professor OLIVIA MITCHELL. Listen to the mp3

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