Tag: baby boomers
No one really needs confirmation of how tough the Great Recession was. But the Center for Retirement Research at Boston College has quantified the decline – and it’s brutal. Investment losses and falling home prices placed 53 percent of U.S. households in danger of a decline in their standard of living after they quit working…
The brief’s key findings are: Individuals need to work longer for a secure retirement, but critics argue that more work by older people reduces jobs for the young. An exhaustive analysis, however, covering the 1977-2011 period found absolutely no evidence of such “crowding out.” This finding holds for both men and women, for groups wit…
