Workers' Response to the Market Crash: Save More, Work More?

The stock market crash of 2008 significantly dimmed the retirement prospects of workers approaching retirement. These workers are heavily dependent on 401(k) plans, as opposed to traditional defined benefit pensions, as a source of retirement income. During the economic downturn, these plans lost about one-third of their value. Even before the crash, many older workers lacked the assets needed to enjoy a comfortable retirement.

MoreLess

Year of publication:	2010-02
Authors:	Monk, Courtney ; Haverstick, Kelly ; Sass, Steven A.
Institutions:	Center for Retirement Research (CRR), Boston College

More details

Series:	Issues in Brief.
Type of publication:	Book / Working Paper
Notes:	9 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10010896053