New survey data, just released in the US, finds that it is a good time to be over 65 or younger than 30 – but not such a great time to be somewhere in the middle.
The New York Times today reported data from the Pew Research Center which finds that senior citizens have generally been protected from the effects of the recession in the US, as have younger adults.
“The most vivid finding to emerge from this survey is that older Americans — most of whom have already retired and downsized their lifestyles — have been far better insulated from the current storm than those who need to worry about keeping their jobs and building up diminished retirement accounts,” write Rich Morin and Paul Taylor of Pew Research in their report “Not your Grandfather’s Recession – Literally.”
This finding holds true in Canada, as well. Recently-released consumer data from ad agency Bensimon Byrne (in their quarterly Consumerology report) show that while a national “culture of thrift” has emerged for Canadians, Read the rest of this entry »
