Getting a roommate in your golden years
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
LIKE many older Americans, Shazzi Felstein recently found herself in an unexpected financial bind. About a year ago, she noticed that her savings had dwindled. To her horror, she realised that her monthly Social Security cheque would not cover her rent-stabilised one-bedroom apartment in Chelsea and monthly expenses like utilities and food for much longer.
A former computer systems analyst, Ms Felstein, 73, had always saved as much as she could and had enjoyed relatively stable finances. That changed in 2011, she said, when she lost about US$80,000 in retirement savings after investing in a company that turned out to be guilty of fraud.
Share with us your feedback on BT's products and services
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
