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Great Recession of 2007-2009

The Great Recession Was Devastating To Retirement Savings – But This Common Occurrence Can Be Almost As Destructive

The Great Recession of 2007-2009 devastated many Americans’ retirement savings – and a new study finds that an experience many Americans face can be almost as devastating: divorce. Specifically, researchers found that “Divorce pushes up an individual’s retirement risk by 7 percentage points, [while] the 2008 financial crisis added 9 points.” What are the numerous reasons the authors of the…