Tag: Great Recession
When the stock market tumbled almost 5 percent in early August, thoughts hearkened back to the market collapse when equity prices fell 57 percent from October 9, 2007 to March 9, 2009. Much of the losses in equity values occurred in 401(k)s and IRAs held by Early Boomers approaching retirement. Those already retired were mor…
Abstract This study uses DYNASIM3, the Urban Institute’s dynamic microsimulation model, to examine the long-run effects of the Great Recession on the future retirement incomes of working-age individuals in 2008. It compares a baseline scenario that incorporates the historic and projected effects of high unemployment and lower wages from the recession with a no-recession scenario…
