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by S. Kathi Brown, AARP Knowledge Management, AARP Research, January 2009
Throughout 2008, the economy was battered by falling housing prices and increasing foreclosure rates, record stock market losses, rising unemployment, and weak consumer spending. In fact, as 2008 drew to a close, the National Bureau of Economic Research officially declared that the economy had been in a recession for the past year.
Given this climate, AARP chose to conduct a survey of middle-aged and older Americans in December 2008 in order to learn how they had fared over the past 12 months and to examine their expectations of the government during these difficult times.
Key findings of the December survey, along with comparisons to a similar survey conducted in April 2008, reveal:
The findings are based on a national telephone survey of 1,097 adults ages 45 and older commissioned by AARP. The interviews were conducted by Woelfel Research, Inc. on December 12-18, 2008. For more information, contact S. Kathi Brown at 202-434-6296. (32 pages)
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