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We define saving regret as the wish in hindsight to have saved more earlier in life. We measured saving regret and possible determinants in a survey of a probability sample of those aged 60-79. We investigate two main causes of saving regret: procrastination along with other psychological...
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We define saving regret as the wish in hindsight to have saved more earlier in life. We measured saving regret and possible determinants in a survey of a probability sample of those aged 60-79. We investigate two main causes of saving regret: procrastination along with other psychological...
Persistent link: https://www.econbiz.de/10012480889
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older have no retirement savings (such as in a 401(k) plan or an IRA). According to GAO's analysis of the 2013 Survey of … Consumer Finances, many older households without retirement savings have few other resources, such as a defined benefit (DB …) plan or nonretirement savings, to draw on in retirement (see figure below). For example, among households age 55 and older …
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