Show IJ a ft L J ft rn Off oT r and get more from the tile GOOD YEARS 11 frand IY l 11 D t By 1 f t I For a growing number of Americans Amer leans Jeans retirement is not becoming a reality Despite increased Social ocial Security benefits in recent years steadily Increasing inflation is forcing senior citizens to seek continued employment How blow s serious is the tho problem William Wlliam A A. A Reasoner president and chief executive officer of Wadell Reed Recd Inc a Kansas City based national financial services services' sere ices lees complex says There Thero are aro currently moro more than 25 million persons over 65 years of age In Inthe Inthe Inthe the labor force force about about 65 per percent percent percent cent of these working full time Reasoner's company manages and sponsors the tho United Funds Inc and United Continental group of mutual funds with assets of approximately 27 billion and more moro than shareholder accounts A recent study shows that the tho overage average person over 65 05 working full time full time year year around around can expect I Ia to earn roughly today As Asa a part time part time worker ho ha can earn roughly These income levels Reasoner says if combined com corn with Social Security ant and pension benefits can provide a 11 comfortable income tho the chanco to travel and tho the opportunity to enjoy social ocial events without the tho worry of strict budgeting Tho problem ho says Is la that many retired persons are arc not ablo able to work because of health problems probe lems or other factors This brings tho the frightening prospect of trying to live on a fixed income while prices for food medical and other othel requirements continuo continue to Increase With the tho future futuro certain to bring bringan an Increasing number of older persons persons and and fewer young job fob jobholders holders to support social programs pro pro- grams grams there there will be bo a dramatic increase in tho the need for adequate business and personal pension programs Reasoner concludes I |