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Many not financially ready to retire, study reports

On the eve of retirement, financial prospects for many Americans aged 51 to 61 are grim: 40 percent have no pension income other than Social Security. One in five households has no assets. One in seven persons has no health insurance. And 20 percent are disabled.

Those are the principal findings of the largest federal study of Americans approaching retirement ever undertaken, covering 12,600 people. It was released Thursday by the National Institute on Aging, the University of Michigan and the Alliance for Aging Research.

The university's F. Thomas Juster, who headed the study, said the "fifty-something generation" is "mostly in pretty good shape physically and economically." But he said substantial blocs are not, especially among minority groups.

CLINICORP UPDATES STATEMENT. CliniCorp Inc., a Pinellas Park health care company, said it must change its registration statement with the Securities and Exchange Commission because it is growing so fast that its prospectus, dated March 31, 1993, is no longer valid. Since that time, CliniCorp has bought five chiropractic clinics, two diagnostic rehabilitation centers and a management company. The company's expected annual revenues are up from around $8-million to about $13-million, said Herbert Gandel, a spokesman. CliniCorp also announced Thursday that it completed purchase of two more chiropractic clinics _ bringing the grand totals to 31 clinics, four rehabilitation centers, a preferred provider organization and a management consulting company.