Politics & Government

September 25, 2008 7:03 AM

Retirees' nest eggs take a hit in Wall Street debacle

Like many American retirees, Gerry Lackey is fretting over how the turmoil in the financial markets will crimp his plans. The retired lawyer, who counts on savings and investments for about half his income, has watched in dismay as major stock markets plummeted about 19 percent this year.

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