Fact Sheet How Is the Financial Crisis Affecting Retirement Savings?
May 2009, Update
Mauricio Soto
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The stock market gained 35 percent between March 9, 2009 and May 5, 2009. For those who held on to their equities, these gains reversed some of the massive losses experienced since September 2007. 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