Related UI Researchers
Publications on Retirees/Seniors
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Senior Unemployment Rate Hits 31-Year High (Fact Sheet / Data at a Glance)Unlike most previous recessions, the current economic slowdown has substantially increased the unemployment rate for older Americans. In December 2008, 5.1 percent of workers age 65 and older were unemployed, a higher share than at any time since March 1977. This factsheet provides the latest information on the employment situation of older Americans.
Posted to Web: January 14, 2009 | Publication Date: January 14, 2009 |
How Is the Recession Affecting Older Workers? (Fact Sheet / Data at a Glance)With nearly 300,000 Americans age 65 and older out of work, the recession is hitting older workers hard. Old-age unemployment rates are increasing more rapidly than in most previous downturns. This fact sheet provides the latest numbers on the employment situation for older Americans.
Posted to Web: December 17, 2008 | Publication Date: December 17, 2008 |
Diversity in Retirement Wealth Accumulation (Policy Briefs/Retirement Project Brief Series)Americans save for retirement by building wealth in personal accounts, home equity, pension plans, retirement accounts and Social Security. We use data from the Survey of Consumer Finances (SCF) and methods to estimate the wealth values of Social Security and pension plans to show how wealth builds over the life cycle. We find that the typical household accrues wealth throughout the life cycle. Households in the bottom income quintile, those that did not complete high school and minorities accumulate much less wealth than their counterparts, and Social Security accounts for a large share of their preretirement wealth.
Posted to Web: December 17, 2008 | Publication Date: December 17, 2008 |
Older Workers and the Recession (Opinion)For older workers, this recession is unprecedented. Retirement expert Richard Johnson explains why and what should be done to cushion its impact on seniors who want to work.
Posted to Web: December 10, 2008 | Publication Date: December 08, 2008 |
How Is the Financial Crisis Affecting Retirement Savings? (Fact Sheet / Data at a Glance)The stock market lost 47 percent of its value between September 30, 2007 and December 2, 2008, a roughly $11 trillion drop. The loss has reduced the retirement savings of many Americans, particularly older adults. This fact sheet examines the impact of the ongoing economic turmoil on older households and presents estimates of the retirement account losses to date.
Posted to Web: December 10, 2008 | Publication Date: December 10, 2008 |