Early baby boomers will be hit particularly hard
Everyone will be hurt to some degree by the finanical crisis, but the effects may be particulary hard for early baby boomer over the age of 55.
CONTEXT(Help)
-
The Global Financial Crisis »The Global Financial Crisis
▲
Potential consequences of the financial crisis? »Potential consequences of the financial crisis?
▲
US faces severe recession »US faces severe recession
■
Early baby boomers will be hit particularly hard
●
Asset value of houses has declined significantly »Asset value of houses has declined significantly
●
Insufficient time to make up these losses »Insufficient time to make up these losses
●
Older workers find it harder to find new jobs »Older workers find it harder to find new jobs
●
Older workers often the first to be laid off in an economic crisis »Older workers often the first to be laid off in an economic crisis
●
Value of 401-k plans declined significantly »Value of 401-k plans declined significantly
►
Sudden, sharp increase in global risk aversion by baby boomers »Sudden, sharp increase in global risk aversion by baby boomers
+Comments (0)
+Citations (1)
+About