Accumulated wealth, as a store of economic means and consumption potential, is a particularly relevant resource in later life, when labor market income terminates or declines, and state support is limited. Past research has linked economic resources, especially income, to various measures of...

This chapter argues that, since the 1980s, moral hazard has encouraged excessive indebtedness and contributed to greater leniency from regulators and financial gatekeepers towards systemic banks. Examining the rise of the “too big to fail” (TBTF) banking behemoths, we question how moral...