Impact of Recession on Elders

This week, the AARP Public Policy Institute released a preliminary study of a survey they conducted in October 2010 with 5,027 men and woman 50 and older.

ITEM: 24.7 percent of exhausted their savings

ITEM: 19.4 percent fell behind in credit card payments or accumulated more card debt

ITEM: 12.4 percent lost health insurance

ITEM: 49.5 percent put off medical or dental care or were not taking their medication on schedule

A very telling summary about what so many of us are facing.