Tag: financial concerns
The brief’s key findings are: Studies show that financial factors have a statistically significant, but small, impact on retirement decisions. So it is not surprising that non-financial factors have a major influence on those who choose to work into their late 60s or 70s. When workers retire, they are often being pulled by a desir…
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…
