Labor & Economic News Blog
Wednesday, May 13, 2009
How Is the Financial Crisis Affecting Retirement Savings? : May 2009, Update
How Is the Financial Crisis Affecting Retirement Savings? : May 2009, UpdateThe 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.
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