How is the Economic Turmoil affecting Older Americans? - Oct. 1, 2008
- 49% of households 50+ own retirement accounts.
- During the past 12 months, retirement accounts have lost $1.6 trillion, 18.3% of their value. (p. 2 of report)
- Housing prices decreased between 4 % to 20% from January 2007 to May 2008, depending on the part of the country. However, from 1998 - 2006 the inflation-adjusted median home equity for adults aged 55+ increased by 41.5%.
How is the Recession Affecting Older Workers? - December 17, 2008
- More older adults are working or looking for work now, compared to past recessions - the share of adults age 65- 69 participating in the labor force has risen from 20.2% in 1982 to 29.7% in 2007.
Senior Unemployment Rate Hits 31-Year High - January 14th, 2009
- December 2008 unemployment rate for ages 65 and older was 5.1%.
- This unemployment rate has increased 1.7% since November 2007.
The Urban Institute is a nonpartisan economic and social research center founded in 1968 (for more information click here).