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…

Daughter helping father using a cane walk outside

Family caregiving is the cornerstone of long-term care for older adults, especially in underserved communities.  This care, however, poses significant challenges and often requires financial sacrifices from caregivers.  In response, researchers, practitioners, and policymakers have proposed various options to alleviate the financial strain, but it remains unclear which options would most benefit the caregivers…

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Woman in a wheel chair

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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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The unpredictability of one’s lifespan is a major difficulty in retirement planning and provides the impetus for insurance products guaranteeing lifetime income.  It is well known that this variance of longevity differs across demographic and socioeconomic groups, but the patterns of this variance over time have not been studied…

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.