Archive: Thomas Cooperrider
Abstract Subjective financial assessments are used by social scientists as a measure of financial well-being and by households as the basis for action. Financial well-being, however, increasingly requires workers to build-up savings to meet hard-to-see future needs, specifically retirement, their children’s education, and paying off student loans. This paper analyzes data from the FINRA Investor…
The brief’s key findings are: Americans need to save more on their own for retirement, but human nature suggests they will focus more on day-to-day financial needs. Analysis of a recent survey confirms that a household’s level of financial satisfaction is tied more to short-term – rather than long-term – concerns. Even households that ar…
