Tag: retirement income

Finger presses the search button in the search bar on a blue background.

 Soaring apartment rents and widowed or divorced baby boomers with spare bedrooms and inadequate retirement income – these two trends have conspired to drive up the number of boomers seeking roommates. New listings being posted by homeowners between January and June on Silvernest, a website where boomers can search for potential roommates, doubled to…

Senior friends having drink outside

I recently talked to one more reporter who commented that our current inflation situation must be particularly hard for retirees who “live on fixed incomes.”  The fact of the matter is that Social Security is the major source of retirement income for most Americans, and Social Security provides an automatic cost-of-living adjustment (COLA) to reflect…