4. Many are still recovering from the Great Recession
Remember the Great Recession? Yeah, so do the 8% of people who told Transamerica they may never recover from it. Another 14% of people who answered the survey said they hadn’t begun to recover, 37% said they somewhat recovered. 20% of respondents said they have fully recovered.
Things are looking different for Gen-Xers and millennials. One in four for both generations responded to the survey by saying they haven’t begun to recover. Others said they may never recover. This is compared to 19% of baby boomers who said they didn’t think they recovered from the financial devastation of the Great Recession.
