The idea of a golden retirement is a fleeting one for a growning number of older Americans. A new study finds bankruptcies for those 65 and older have tripled in the past 25 years. Researchers point to reductions in the social safety net and a move away from pensions as major contributors to financial distress for seniors. We'll discuss the study with one of its authors and talk about how bankruptcy can impact seniors. Then the University of Akron plans to phase out 80 degree and degree track programs over the next few years. We'll sit down with interim president, Dr. John Green, to discuss how those decisions were made. But first, The Ohio State Universitiy decides suspends Head Football Coach Urban Meyer and Athletic Director Gene Smith.
For More Information:
Graying of U.S. Bankruptcy study
Legal Aid Society of Cleveland Bankruptcy FAQ page
Western Reserve Area Agency on Aging web site
Nick Evans, Reporter, WOSU Radio
John Green, Ph.D., Interim-President, University of Akron
Deborah Thorne, Ph.D., Associate Professor of Sociology, University of Idaho
Michael Attali, Bankruptcy Attorney, Supervisign Attorney, Economic Justice Group, Legal Aid Society of Cleveland