Not Your Grandfather’s Recession — Literally
Relatively speaking, older Americans’ attitudes and lifestyles have been less affected by the economic slump than have those of younger Americans. Meantime, the “Threshold Generation,” people nearing retirement, have been hardest hit, as they’ve seen their nest eggs shrink the most.
Through Boom and Bust: Minorities, Immigrants and Homeownership
The ups and downs in the U.S. housing market over the past decade and a half have generated both greater gains and larger losses for minority groups than for whites.