How Is the Financial Crisis Affecting Retirement Savings?

How Is the Financial Crisis Affecting Retirement Savings?

December 10, 2008

The stock market lost 47 percent of its value between September 30, 2007 and December 2, 2008, a roughly $11 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.

Centers

Centers: 
Income and Benefits Policy Center
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