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Retirement And The Recession: Savings Destroyed For One Out Of Four Older Workers, Says AARP Survey Empty Retirement And The Recession: Savings Destroyed For One Out Of Four Older Workers, Says AARP Survey

Post by Guest Fri May 27, 2011 11:51 am

Workers older than 50 are gloomy about retirement after getting beat up by the Great Recession, according to a survey released Tuesday by AARP's Public Policy Institute.

During the course of the economic downturn that started in December 2007 and technically ended in June 2009, one in four older workers burned through all of his or her retirement savings, the survey found.

More than half of older workers weren't confident they'd have enough money to live comfortably in retirement, and nearly half said they expected a "less economically secure" retirement than their parents had.

http://www.huffingtonpost.com/2011/05/24/retirement-savings-older-workers-recession_n_866109.html?ref=tw

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