Dec 3, 2009
Seems plausible, but economists Alan Gustman and Nahid Tabatabai of Dartmouth College and Thomas Steinmeier of Texas Tech argue otherwise. In a recent study, they conclude that the stock market declines of 2008 and 2009 will not result in massive losses for the typical near-retiree. In fact, they may postpone their retirement by only a month and a half, on average, and in some cases may even accelerate it.
tags: Texas Tech in the News