Over 50s lose £60k each because of downturn

Sarah Coles
eroded property
eroded property

AP Photo/Sean M. Fitzgerald

As the over 50s approach traditional retirement age, they are counting the incredible cost of the economic downturn. They have lost an average of £60,000 each, and wealthier individuals have lost £162,000.

So where has the money gone, and what can they do about it?
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