Vital Aging Network

Text Size:   A   A   A 


Recovering from the Great Recession: Long Struggle Ahead for Older Americans (AARP Public Policy Institute, May 2011)

Recovering from the Great Recession: Long Struggle Ahead for Older Americans (AARP Public Policy Institute, May 2011)

In this article, Sara E. Rix discusses the findings from a survey of 5,027 Americans aged 50 and older about their experiences during the current recession. The results were disheartening:

  • Nearly 30 percent either were unemployed and looking for work at the time of the survey or were employed but had been involuntarily unemployed in the previous three years
  • Nearly one-third found that their homes had declined significantly in value
  • A large number fell behind on or accumulated more debt on credit cards
  • More than half worried about not having enough money for a comfortable life during retirement
  • More than two out of five anticipate working part-time during retirement
  • One-third expects to postpone retirement
  •  

 

Home | Contact Us | Privacy Policy | Subscribe to Email List  |  Login   |  
© 2011 Vital Aging Network, North St. Paul, MN | 651.917.4652 | info@vital-aging-network.org