Retirees who exited the workplace just before the downturn were probably counting on a different retirement experience. As the economy starts to come back, they have one of two choices according to this moneywatch.com article, “Increase Your Odds of Surviving Retirement”: increase their income (by getting a part-time job for example) or cut their expenses.
Or you can take this advice from a 107-year-old who has been retired since 1969. Leonard McCracken lives in Florida and shares the reasons for his success: thrift, minimal use of debt, health, etc. Now that’s what you call a successful retirement.