“A projected tipping point is less than a decade away, when residents over the age of 65 are expected to outnumber the number of students in our classrooms,” the report’s summary said.
Topic
Audrey Meng
Report: Economic Challenges for Older New Jersey Residents
According to the NJAAW survey, 53% of respondents reported finances as a top concern, and only 38% felt they had saved enough for retirement. Additionally, survey respondents indicated that housing costs were another top concern, with 42% reporting that house upkeep is a financial struggle.