Stethoscope on puzzle, solving the mystery of health care

Households approaching retirement face a wide variety of risks to their financial security.  They may live longer than planned and deplete their resources; they may experience unexpectedly high inflation; or they may receive unusually poor returns on their investments.  Equally consequential is the risk that households will face major expenses to cover medical and long-term…

Older couple enjoying a sunny walk by the sea

Life expectancy and its swings over time receive significant attention from both academics and the public.  Much less attention, however, is paid to the variation in lifespan around its average – the variance of longevity.  However, it is precisely this unpredictability of age of death that makes lifetime income provided by Social Security and annuities…

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Woman in a wheel chair

People with disabilities make all kinds of purchases most workers never need. They might have to buy a wheelchair, build...

Daughter helping elderly mother with needlepoint

The answer from caregivers is clear. In the U.S. today, roughly 38 million people provide unpaid eldercare.  That number is...

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Households approaching retirement must account for a wide variety of risks to their financial security.  They may live longer than planned and deplete their resources; they may experience unexpectedly high inflation; or they may receive unusually poor returns on their investments…

One aspect of the pandemic that has persisted is the increased relevance of remote work.  This shift could help older people with disabilities, who might otherwise find it hard to get or keep jobs.  Indeed, this group has a higher employment rate post-pandemic than pre-pandemic…

This paper uses archival insurance industry data from the period 1861 to 1941 to shed light on ordinary life insurance, which was the primary old-age savings mechanism of American households in the era before Social Security…

CRR IN THE NEWS

Older man paying monthly bills

As you think about your financial future in this new age of longevity, a strong plan means more than just asking if you have enough.

Photo of daughter with elderly mother

Ask family caregivers what sort of government support they want and their answer is clear: They want upfront cash.