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Having lived through the economy’s ups and downs for multiple decades, older folks might be expected to greet today’s downturn with stiff upper lips. But they aren’t. In a new report from the MetLife Mature Market Institute (based on polling in July), 53 percent of Americans age 60-plus think the current situation is “worse” than “comparable or similar economic conditions you have experienced in the past.” Just 22 percent said it’s “not as bad,” with most of the rest saying it’s “about the same.”
Though people in the 60-plus cohort are less likely than young adults to be driving to work, they’ve still been hit hard by gas prices — more so than by increases in prices for some other essentials.
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