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Essay / Research Paper Abstract
A 6 page paper providing the story of an 80-year-old widow putting the pain of the past behind her and enjoying her present life in an independent living complex. The paper is a narrative financial history that begins in the Great Depression and continues through the great growth of the stock market in the 1990s. This widow had ample retirement funds in large part because of saving something, regardless of how small, from each and every paycheck earned throughout her's and her husbands' working lives. Bibliography lists 4 sources.
Page Count:
6 pages (~225 words per page)
File: CC6_KSsocRetire.rtf
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Unformatted sample text from the term paper:
used. Substituted others. Introduction The current generation of retirees are the most well-off financially that the country has ever known. Children
of the Great Depression, they learned early on to save something, and to save it regularly regardless of how much they did or did not earn from their jobs.
Many did not expect to have a great deal of money to live on when they retired, but they believed they would have enough to live comfortably - and modestly
- during their retirement years with the combination of personal savings, work pensions, Social Security and other financial vehicles. Some directly invested in the stock market, but these are
children of the Depression, of course, and they all too well remember that the stock market crash was the beginning of that Depression. Annuities, mutual funds, certificates of deposit
and money market accounts were more attractive to many than was the stock market. Such is the case with Ella Ruth, an octogenarian
who worked hard all of her working life and has a full and enjoyable retirement. Ella Ruths History Born in 1921, Ella Ruth
was in her teens throughout the final years of the Great Depression, 1929 - 1939. Her father was a barber whose business was not greatly affected by the Depression;
her mother stayed at home to keep the house and attend to Ella Ruths sister Jean. Jean had suffered a spinal cord injury at the age of nine and
was paralyzed for a time as a result. Though Jean did regain use of her legs, it was not until after she had suffered and recovered from polio.
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