Tag: Great Recession

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The baby boomers born in the early 1960s, at the tail end of the demographic wave, had about $280,000 in retirement wealth when they reached their early 50s. That’s significantly less – about $50,000 less – than the late-1950s boomers had at the same age. Some of this shortfall might’ve been anticipated for the youngest…

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While the contours of the Great Recession and the COVID Recession differed sharply, older workers continued to retire and claim Social Security.  The question that my co-authors, Anqi Chen and Siyan Liu, and I explored in a recent study is the relative impacts of the two recessions on the claiming behavior of different groups. To answer that question, we used data…