Despite a large volume of studies on immigrants’ economic incorporation, most studies have focused on foreign-born adults at prime working age and paid little attention to those moving toward retirement. Given that the ...

The decline in defined benefit retirement plans coupled with longer life expectancy has made personal retirement savings a crucial component of a secure retirement. However, many middle-aged adults face economic insecurity ...

For many retirees, the home is their most valuable asset. A house is both used as an investment and for consumption. If a home is paid for at the time when a person retires, they no longer have to service a mortgage or pay ...

Twenty million Americans had a substance use disorder (SUD) in 2014. Nearly 8 million had a co-occurring mental health condition (SAMHSA, 2015). SUDs and mental health are often intertwined but the directionality is less ...

In this study, I will explore the impact of social security eligibility on transfers between adult children and elderly parents and the resulting impact on wealth building among adult children. I will also study these ...

Social safety net programs provide benefits that insure against disability, poor health, unemployment, and old age. These programs stabilize the financial lives of beneficiaries. Recent work reveals that safety net programs, ...

The amount of financial debt held by seniors in the U.S. has grown substantially over the past decade. Prior research links higher levels of debt to increased psychological stress and decreased physical health. For seniors, ...

This paper studies the impact of payday loan borrowing on the financial well-being of Social Security (SS) income and Supplemental Security Income (SSI) receivers. Specifically, it focuses on the borrowing behaviors of ...

Despite population aging, the nursing home population has declined since the 1980s. Recent surveys indicate most older adults prefer to “age in place” rather than move into an institution and, since the 1990s, the share ...

Long-term care represents a substantial financial risk to the elderly in the U.S., yet few elderly individuals purchase private insurance for such care. Less wealthy households may qualify for Medicaid coverage but remaining ...