Elderly on the Front Line of the Financial Crisis

According to this New York Times article, retirees are having a tough time.

Their CDs, bonds, and dividends aren't giving enough income and they are reluctant to raise money by selling stocks because they would have to sell at a loss.

Meanwhile gas and food prices are up.

A lot of their houses are paid for, but they have trouble paying higher property tax bills, and can't sell their homes.