{"id":37152,"date":"2013-02-05T22:08:08","date_gmt":"2013-02-05T22:08:08","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/in_hard_economy_for_all_ages_older_isnt_better_-_its_brutal\/"},"modified":"2013-02-05T22:08:08","modified_gmt":"2013-02-05T22:08:08","slug":"in_hard_economy_for_all_ages_older_isnt_better_-_its_brutal","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=37152","title":{"rendered":"In Hard Economy for All Ages, Older Isn\u2019t Better &#8230; It\u2019s Brutal"},"content":{"rendered":"<p>&#8230;the Labor Department\u2019s latest jobs snapshot and other recent data reports present a strong case for crowning baby boomers as the greatest victims of the recession and its grim aftermath.<\/p>\n<p>These Americans in their 50s and early 60s \u201d\u201d those near retirement age who do not yet have access to Medicare and Social Security \u201d\u201d have lost the most earnings power of any age group, with their household incomes 10 percent below what they made when the recovery began three years ago, according to Sentier Research, a data analysis company.<\/p>\n<p>Their retirement savings and home values fell sharply at the worst possible time: just before they needed to cash out. They are supporting both aged parents and unemployed young-adult children, earning them the inauspicious nickname \u201cGeneration Squeeze.\u201d\u009d<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2013\/02\/03\/business\/americans-closest-to-retirement-were-hardest-hit-by-recession.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8230;the Labor Department\u2019s latest jobs snapshot and other recent data reports present a strong case for crowning baby boomers as the greatest victims of the recession and its grim aftermath. These Americans in their 50s and early 60s \u201d\u201d those<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=37152\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,103,149,168,104,597,675,662,593,129,673,596,584,34],"tags":[],"class_list":["post-37152","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-aging-the-elderly","category-economy","category-ethics-moral-theology","category-health-medicine","category-laborlabor-unionslabor-market","category-medicare","category-pensions","category-personal-finance","category-psychology","category-social-security","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-u-s-government","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/37152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37152"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/37152\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}