Responding to the Downturn: How Does Information Change Behavior?


The brief’s key findings are:

  • Over 40 percent of respondents to a 2009 CRR survey planned no response to the financial crisis.
  • But after it was made clear that their only options are to save more, work longer, or spend less in retirement, most opted to alter saving or work plans.
  • Those who changed had greater needs in retirement, a history of high saving, and/or had not thought a lot about the downturn.

The CRR wants to hear from our website users like you. Would be you willing to take a short survey?

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