What a Difference a Year Makes
Research Projects – Aging
The financial environment changed dramatically between 2008 and 2009. To gauge the impact of the financial downturn on retirees, the Society of Actuaries (SOA), LIMRA and the International Foundation for Retirement Education (InFRE) resurveyed respondents of the 2008 study, "Will Retirement Assets Last a Lifetime?".
The original 2008 study surveyed 1,524 retirees ages 55 to 75 with $100,000 or more in household investable assets prior to the financial downturn. The participants were re-contacted in April 2009 and posed a subset of the original questions via an online survey.
In this follow-up report, the 2009 results are contrasted with the results of the original 2008 study.
Both reports represent a follow-up effort to a series of focus groups conducted in 2005. For interested readers, the findings from the series of focus groups can be found by clicking on this link: Spending and Investing in Retirement–Is there a Strategy?
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