In the midst of a recession that has taken a heavy toll on many nest eggs, just over half of all working adults ages 50 to 64 say they may delay their retirement — and another 16% say they never expect to stop working.
Older adults are less likely than younger and middle-aged adults to say that in the past year they have cut back on spending; suffered losses in their retirement accounts; or experienced trouble paying for housing or medical care.
From the kitchen to the laundry room to the home entertainment center, Americans are paring down the list of familiar household appliances they say they can’t live without.
The eight-year period from 1999 through 2007 is the longest in modern U.S. economic history in which inflation-adjusted median household income failed to surpass an earlier peak.
Testimony of Paul Taylor, Executive Vice President, Pew Research Center to the Senate Finance Committee
Comments on a report that combines findings of one of our major national public opinion surveys with the Center’s analysis of four decades of demographic and economic trends from the Census Bureau and other sources.
Not even a housing-led recession can shake Americans’ faith in the blessings of homeownership.