What were the effects of the 2008 financial crisis on the over 65's?

For most of them very little since the for the most part they do not have jobs, and have their savings in Bank CD's. Some had unemployed children move back home and a few had large investments in the stock market which fell. But the market has already recovered much of its loses, and will go back to the previous value when the economy recovers, so if they just ignored it, they suffered little real loss.What were the effects of the 2008 financial crisis on the over 65's?
Huge reduction in the value of their savings.