Individual and employer retirement plans (namely IRAs and 401ks) serve as important supplements to Social Security income during retirement. How widely these plans are used, and by whom, are fundamental facts needed to ...

Retirees today face significant challenges in preparing for retirement, as they face greater responsibility in managing their savings. Savings is particularly important in light of longer lives and potential policy changes ...

A key question that this study aims to explore is whether Social Security income payment timing affects financial shortfalls. We would expect that pay cycle would not affect likelihood of financial shortfall. However, this ...

This study documents the credit outcomes of older adults immediately before and after the onset of the COVID-19 pandemic in the US. Using credit data to track indicators of financial distress, this study shows that on ...

Understanding current and future retirees’ financial security requires considering that decision-making and subsequent consequences may extend beyond them to their significant others (or their adult children). Children ...

The recent rise in economic hardship highlights the need to prepare for financial emergencies. Even before the pandemic, many lacked savings for unexpected expenses, retirement, or other goals; many experienced financial ...

This study examines the relationship between reductions in labor force participation and earnings during the first 15 months of the COVID-19 pandemic and older adults’ economic security. Our particular focus is on consumer ...