Three years after the Great Recession officially ended, boomers are still having a hard time making ends meet and finding jobs, according to a new AARP report.
The report, "Boomers and the Great Recession: Struggling to Recover," paints a grim picture of post 50s' mindsets when it comes to their financial well-being. A sample of "current or recent workers" ages 50 to 64 were contacted in October 2010, with a smaller group contacted again in August 2011 to see if boomers felt any differently about their prospects.
"The recession's effects on older Americans were particularly severe for salary earners in their 50s and early 60s who were counting on more than a few years of additional earnings before retirement and were unlucky enough to lose their jobs."
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