11/14/2012 08:26 am ET

Baby Boomers Blunt Fed Strategy

People like seventy-two-year-old John Rodwick are adding to the Federal Reserve’s worries.

Rodwick, a retired professor from Colorado, cuts corners and watches every penny he spends.

“My wife and I love to travel, so that is our one big expense, but we are very, very conservative,” he says.

After the value of their home plunged 30 percent in six years, Rodwick says he has become “very cost conscious.”

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