Seniors and the Financial Crisis

Unless the stock market rebounds quickly, the 2008 crash will substantially reduce future retirement incomes for adults now in their fifties, especially those with high incomes. High unemployment and falling housing prices also have serious repercussions for older Americans. Read more

Boosting Social Security for Low-Income Beneficiaries

Senior researcher Melissa Favreault argued before the Senate Special Committee on Aging that Congress should increase benefits for long-term, low-wage workers. She also points out what can be learned from past efforts to address Social Security’s long-term financing problems.