Older Americans, employed and unemployed, may never recoverfinancially from this latest recession, and more than half don'tforesee themselves having enough money to live comfortably in theirretirement.

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These are new findings from AARP's latest Public Policy Insitute report. The report is a collection ofdata taken from a survey of more than 5,000 Americans – age 50 andover – who were employed, had been employed, or were seekingemployment during the three year recessionary period before theywere surveyed online last October.

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“Many older Americans have been buffeted by skyrocketing healthcare costs, dwindling home values, shrinking pension and investmentportfolios, and employment struggles,” says John Rother,AARP’s executive vice president for Policy, Strategy andInternational Affairs. “Even if you have a job, this surveydemonstrates that you are not immune to the negative effects of therecession.”

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Overall, the recession took a toll on older Americans' finances,savings, health care and employment status.

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Most troubling, nearly 30 percent of those surveyed reportedthey had exhausted all their savings during the recession. Forthose having trouble making ends meet, more than one in three(36.4 percent) stopped or cut back on saving forretirement.

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Although recent findings from a Gallup-Healthways Well-BeingIndex show older Americans actually have the highest overallwell-being (with an increase in health behaviors and anuptick in emotional health), this group (49.5 percent)had problems taking care of financial needs and delayed gettingmedical or dental care or stopped taking medications.

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Roughly 13 percent of older Americans also began collectingSocial Security benefits, and two-thirds did so earlier thanplanned.

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“Older Americans have good reason to be worried about the futurebecause they have less time than others to recover from the impactof the last three years,” Rother says. “When older Americans areborrowing against their future or betting against their health,serious challenges lie ahead.”

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