2020, net lending increased considerably for all age and financial wealth groups. The 10 percent wealthiest households … observed in 2021. For younger households and households with lower financial wealth, net lending fell as a share of disposable …Net lending varies considerably over time and contributed to lower household saving prior to both the banking crisis …

on wealth and lifetime earnings we evaluate measures of retirement preparedness. We estimate heterogeneous discount … factors for households and compare these estimates of their patience to their replacement rates-the simple measure often used … to evaluate the adequacy of retirement savings. We find first that the specification of the model's asset structure …