1. Older Americans: How they are faring in the recession

    Older Americans have weathered the financial crisis relatively well, although many now expect to work longer than they did just a year ago, according to a University of Michigan study.

  2. Shifts in consumer spending and saving will usher in a new economic era

    “In the coming years, U.S. consumers will save more and spend less,” said U-M economist Richard Curtin. “The recovery will be slow and uneven, and it could take a decade or more for consumers to restore their sense of financial security to pre-recession levels.”

    Related: Older Americans: How they are faring in the recession?

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