The recession has affected people of different ages in different ways. According to a telephone survey by the Pew Research Center's Social & Demographic Trends project, young people who are just emerging into the job field have experienced the worst of it, while adults age 65 and over who are already retired have not felt as much impact.
Despite the struggle to find a job, many young people remain optimistic about their financial future. Seventy-one percent of people age 18-29 had no financial losses or had no investments before the recession, but 68 percent have made changes to cut back their spending.
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