From the Huffington Post:
“William McPherson has a Pulitzer Prize, but little money to his name.
“In a candid personal essay published in The Hedgehog Review, the 81-year-old journalist revealed his descent into near poverty. While his trajectory was unexpected, McPherson’s financial state represents a common narrative in America today.
‘”I started life comfortably middle-class, maybe upper-middle class; now, like a lot of other people walking the streets of America today, I am poor,’ the acclaimed author wrote. ‘To put it directly, I have no money.’
“More than 45 million people, or 14.5 percent of the U.S. population, lived below the poverty line last year, the Census Bureau reported in September. And economists forewarn that elderly Americans are on the brink of experiencing the greatest retirement crisis in ‘the history of the world.'”
Read more here.