How Is the Financial Crisis Affecting Retirement Savings?

Highlights

How Is the Financial Crisis Affecting Retirement Savings?

March 13, 2009

The stock market lost 56 percent of its value between September 30, 2007 and March 6, 2009, a roughly $13 trillion drop. The loss has reduced the retirement savings of many Americans, particularly older adults. This fact sheet examines the impact of the ongoing economic turmoil on older households and presents estimates of the retirement account losses to date.

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