Archive: Michael G. Palumbo
![A glass jar full of coins and plant growing through it with some coins and plant leaves.](https://crr.bc.edu/wp-content/uploads/2022/11/financing_retirement_8-1536x1024.jpg)
Abstract As the baby boomers begin to retire, a great deal remains unknown about the evolution of wealth toward the end of life. In this paper, we develop a new measure of household resources that converts total financial, nonfinancial, and annuitized assets into an expected annual amount of wealth per person. We use this measure,…