My grandmother honks at every car waiting to pull out onto the street on which she’s driving, just to let them know she’s coming. She’s afraid they’re distracted and won’t know she’s there. She’s afraid of something like that, yet she’s not afraid of the current recession. Go figure. New research from the Pew Research Center backs her up. Adults 65 and older are less likely than younger and middle-aged adults to say they’ve cut back on spending that in the past year; suffered losses in their retirement accounts; or experienced trouble paying for housing or medical care. They’re more likely to report being very satisfied with their personal finances. And they’re less likely to say the recession has been a source of stress in their family.
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