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We analyze debt and debt management of Americans nearing retirement age. We show that older people have numerous financial obligations that can lead to financial distress. Using data from the 2015 National Financial Capability Study and an extensive literature review, we show that lack of...
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seems to undersave for retirement. Of particular concern is the relative position of older women, who are more vulnerable to … financial literacy in the 2004 Health and Retirement Study. It shows that women display much lower levels of financial literacy … than the older population as a whole. In addition, women who are less financially literate are also less likely to plan for …
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Baby Boomers have left a unique imprint on US culture and society in the last 60 years, and it might be anticipated that they will also put their own stamp on retirement, the last phase of the life cycle. Yet because Boomers have not all fully retired, we cannot yet judge how they will fare as...
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Baby Boomers have left a unique imprint on US culture and society in the last 60 years, and it might be anticipated that they will also put their own stamp on retirement, the last phase of the life cycle. Yet because Boomers have not all fully retired, we cannot yet judge how they will fare as...
Persistent link: https://www.econbiz.de/10012778121
Baby Boomers have left a unique imprint on US culture and society in the last 60 years, and it might be anticipated that they will also put their own stamp on retirement, the last phase of the life cycle. Yet because Boomers have not all fully retired, we cannot yet judge how they will fare as...
Persistent link: https://www.econbiz.de/10014026733
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