05/15/2009 - In this recession, it is better to be old. Being young has some advantages, too.
But being in the middle of the spectrum — in your 30s or 40s — seems to be the worst place to be.
The Pew Research Center released a poll of Americans this week that found people over 65 were generally suffering less from the recession. Fewer of them reported being forced to cut back on household expenses or said they had trouble meeting rent or mortgage obligations.
“The most vivid finding to emerge from this survey is that older Americans — most of whom have already retired and downsized their lifestyles — have been far better insulated from the current storm than those who need to worry about keeping their jobs and building up diminished retirement accounts,” wrote Rich Morin and Paul Taylor of Pew Research.
Read the full article Not a Good Time to Be Middle-Aged on the New York Times' Web site.