Fact Sheet How Is the Financial Crisis Affecting Retirement Savings?
Mauricio Soto
Display Date
Download Report
(61.59 KB)

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.
Research Areas Wealth and financial well-being Aging and retirement
Tags Economic well-being Pensions Wages and nonwage compensation Retirement policy Financial stability Family savings
Policy Centers Income and Benefits Policy Center