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Fact-of-the-Week: 5 July 2011


fact of the week

Older Workers Report Gloomy Financial Self Assessment

More than half (52.7%) of adults aged 50+ who had worked for pay during the three years prior to October 2010 rated their family's financial well-being as "only fair or even poor in October 2010." More than 2 in 5 (45%) assessed their family's financial well-being as "at least good," and only a few (5.2 %) said it was "excellent," according to a 2011 AARP survey.
Rix, S. E. (2011). Recovering from the great recession: Long struggle ahead for older Americans. (p. 9) (Insight on the Issues No. 50). Washington, DC: AARP Public Policy Institute. Retrieved from http://assets.aarp.org/rgcenter/ppi/econ-sec/insight50_recovering.pdf

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