Archive: Anqi Chen
Emergency savings are a key component of financial security for households of all ages. To decide how much cash savings to have on hand and how to balance this need with other financial priorities, households need good information on the spending shocks they may…
Understanding how long we might live can influence important decisions, such as how much to save or whether to buy an annuity. Yet, many people underestimate their chances of living to older ages, which may lead them to save too little and avoid annuities, potentially reducing their financial security in retirement…
