Tag: older customers
![banks overdraft fees](https://crr.bc.edu/wp-content/uploads/2022/10/banks-overdraft-fees.png)
Anyone who has lived paycheck to paycheck is familiar with the headache of overdraft charges. Due to a slight miscalculation at the end of a tough month, there isn’t enough money in the account to cover a check. The bank pays the check but charges an overdraft fee that drains money out of the account…
![asian chinese senior male barista teaching his daughter making coffee at cafe bar counter](https://crr.bc.edu/wp-content/uploads/2022/11/older_workers_7-1536x1022.jpg)
Abstract That older people will need to work longer in order to ensure a secure retirement is undeniable. Social Security, the backbone of the retirement system, will not replace as much pre-retirement income in the future as it does today. Employer-sponsored pensions also involve considerably more uncertainty given the shift from defined benefit to 401(k)…