Many Baby Boomers Downsizing Lifestyles Save Email Print
Posted: 12:47 PM May 8, 2008
Last Updated: 12:51 PM May 8, 2008

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Baby Boomers are feeling the strain of the latest economic slowdown, and they're cutting back.

According to a national survey conducted by bell investment advisors, one-in-four affluent 60-year-olds are downsizing their lives.

Many Baby Boomers fear a long recession and the effects a worsening economy could bring to their lives.

Lifestyle changes include contributing less to charity, canceling vacations, reducing retirement saving or postponing retirement altogether.

30-percent of those Baby Boomers polled say they feel more stress than they did six months ago.

That's a result of the current economic conditions.

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