Mid-South seniors weigh in on economic crisis - WMC Action News 5 - Memphis, Tennessee

Reported on Anna Marie Hartman

Mid-South seniors weigh in on economic crisis

MEMPHIS, TN (WMC-TV) - Wednesday, many senior citizens in Memphis enjoyed a free day at the Memphis Zoo.  In tough economic times, some said, every little bit helps.

"You know its three dollars to park (and) eight dollars to get in, so its quite a savings," Pauline Weis said.

Many retirees on fixed incomes are wondering what will happen in Washington and on Wall Street, and what it means for them.

"We know that the economy is in bad shape, and we to do our best to cut back wherever we can," Ruby Shelton said.

But those who care for the elderly say there's very little wiggle room when you're living on a fixed income. 

"Particularly for seniors or folks on disability, they're on a fixed income," Shirley McGowan said. "They don't get a raise that compensates them."
 
Ninety-one year-old Dave Goggio said he baffled by how things got so bad.  Goggio said he could remember another bad economic time - the Great Depression.

"If I didn't have the money, I didn't buy it," he said.

It's a lesson he learned from his father, which is why he finds today's generation of "spenders" almost comical. 
 
"He made a living.  He didn't go broke like these people are doing today," Goggio said. And they cry to the U.S. government for help."

For many seniors, the current financial crisis is no laughing matter, but most have no choice but to try to ride out the storm.


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