Middle-income Americans were overwhelmed by the financial crisis and recession that began in 2007. Their incomes decreased, their home values fell, and they lost their wealth. Even now as unemployment is low and the stock market booms, middle-income Boomers say they haven’t felt the benefits of a recovery.
Despite their uncertainty in a recovery, almost all middle-income Boomers still believe they will retire someday. What makes them so optimistic even though they claim they have not benefited from the economic recovery? This report examines how Boomers are faring 10 years after the financial crisis, and how it affected their confidence, behaviors and retirement expectations.