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Seniors Show Resistance to Recession

by Joe Volz

Let us start off with that popular myth that we seniors are worst off in economic hard times compared to our children and grandchildren. That's nonsense. Let's look, instead, at how recession-proof we are.

For one thing, our Social Security checks are not affected. And we still receive Medicare — chances are we receive defined benefit pension rather than those shaky 401 (k) plans that have supplanted defined benefits. Plus, we get all of those 10 percent discounts at restaurants, ...

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