Tags: Retirement | Sen. Susan Collins | Baby Boomers | Retirement | Helping | Economy

Sen. Susan Collins: Those Who Can't Afford Retirement Helping Economy

Image: Sen. Susan Collins: Those Who Can't Afford Retirement Helping Economy
Sen. Susan Collins, R-Maine. (AP)

Friday, 19 Feb 2016 12:49 PM

Baby boomers who can't afford to retire are the ones fueling Maine's economy, Sen. Susan Collins says.

"We have people that are outliving their savings," Collins told an audience at Husson University in Bangor, The Bangor Daily News reports.

And with their Social Security benefits being insufficient to pay the bills, they are forced to keep working, said Collins, a Maine Republican.

Still, according to Collins, other Baby Boomers in the age 55-64 bracket are adding to the economy by starting up their own businesses late in life.

"They've generally worked for many years, built up expertise, set up networks, and always wanted to be their own boss," Collins said.

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Baby boomers who can't afford to retire are the ones fueling Maine's economy, Sen. Susan Collins says.
Sen. Susan Collins, Baby Boomers, Retirement, Helping, Economy
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2016-49-19
Friday, 19 Feb 2016 12:49 PM
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