Tuesday, October 14, 2008

Senior citizens Talk Economics at DeFrancisco's Annual Fair

"Senior citizens are not an amorphous group, there are young people that are out there too. They don't vote the same way. Seniors don't all vote the same way; they have different philosophies," said State Senator John DeFrancisco when asked about what's on the minds of senior citizens heading into the 2008 Presidential Election.

Just don't tell him this--the senior citizens we spoke to at his 5th Annual Fair made it abundantly clear -- the economy is a huge issue heading into November.

Brenda DeGroff, Baldwinsville, says she's too afraid to look at her potential losses following the recent string of banking failures.

"If I don't have my IRA, you know, if that got decimated, I wouldn't have enough to support my modest lifestyle."

Others were just as concerned, primarily because they were living on a fixed income.

"Things that you've been used to all your working life have to take a change anyway and when prices keep going up and your income doesn't keep up with inflation...it's very hard sometimes," said Joanne Whelan, North Syracuse.

Not helping matters were reports showing that over the past 15 months, the stock market lost more than $2-trillion in retirement savings.

With that in mind, it was difficult to measure who senior citizens favored as America's next president.

A few hinted at Barack Obama, a little less favored John McCain, but the majority said they'd leave their pick private heading into the polls.

In any instance, you can bet the economy will play a big role in their decision making.


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