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Boomers 'Worse Off' Than Before the Recession

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Surprisingly, 21 percent of Americans say they are actually better off now than before the recession began. That doesn’t include boomers, unfortunately. According to a new Pew Research Center study, Americans between 50 and 64 were most likely to say they were worse off since the recession began.

Still, more than a third say they won’t have to postpone retirement at all, although 5 percent aren’t sure. Thirty-one percent of boomers said in the July 2009 survey that they wouldn’t have to retire later than they had originally planned.

Forty-two percent of respondents with annual family income levels over $75,000 say they are worse off than they were before the recession, but 53 percent say they live comfortably.

Boomers are slightly more optimistic about their children’s futures than their own. One-third say their children’s future will be worse than their own, while 36 percent say it will be better.


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