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Current archive: January 29, 2012
The Recession’s Long Tail: Report Finds Millions of Retirees Face Reduced Benefits
Written on:January 29, 2012
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By most measures, the 2008 recession ranks as the worst since the Great Depression. Not only has it eroded the per capita incomes of entire nations (see Mutualfundreform.com story posted Jan. 27, 2012)), but it has also taken its toll on future retirees due to reduced Social Security contributions and pension benefits, accompanied by lost incomes. The combined effect translates into less income and reduced benefits for millions of future retirees.
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