by Kate Randall Americans are reaching retirement age in worse financial shape than the prior generation for the first time since the 1950s. According to an analysis published Saturday by the Wall Street Journal, those who should be entering their “golden years” have seen their median incomes stagnate and even decrease, reversing the pattern that had prevailed since the post-World War II Truman administration. Those approaching retirement have dwindling resources, in many cases because they have had to pay off their children’s college loans or take from savings to care for aging parents. Social Security and retirement fund receipts have not risen in years, and 401(k) retirement funds will bring in a median income of less than $8,000 a year for a household of two. The reality is that instead of retiring, many older Americans will be forced to remain in their jobs after age 70 or take jobs for which they are overqualified to supplement their meager retir...