Recession cut into employment for half of working adults, study says

from Washington Post

The recession has directly hit more than half of the nation's working adults, pushing them into unemployment, pay cuts, reduced hours at work or part-time jobs, according to a new Pew Research Center survey.

Among adults 62 and older who are still working, 35 percent say they have postponed retirement. Six in 10 working adults between ages 50 and 61 say they may be forced to do the same. Meanwhile, half of the survey respondents say they have whittled down their mortgages, credit card balances, car loans and other borrowing.

Recession cut into employment for half of working adults, study says