The Street recently reported on a rather alarming statistic that may soon become a norm when planning for retirement. Quoting an HSBC survey, the article below states:

“64% of people age 70 or older are financially supporting others. That’s compared to just 56% of workers, though 73% of folks 30 through 39 and 70% of those 40 through 49 are borrowing money just to make ends meet…”