This paper from the Urban Institute examines the impact of the ongoing economic turmoil on retirement savings, home values, and retirement decisions. The slumping stock market, falling housing prices, and weakening economy have serious repercussions for older Americans who are approaching retirement or already retired. More and more older adults are working to bolster their retirement incomes, but the rising unemployment rate limits their prospects. In Belgium, the turmoil may also incite older workers to work later.
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