Tag: financial shocks
The brief’s key findings are: About 40 percent of households, spanning the income spectrum, say that they couldn’t cover a $400 unexpected expense. In fact, some of these households actually do have enough to cover this modest expense, but they feel constrained by credit card debt. Overall, the analysis finds that the vulnerable households fa…
More than a third of older workers retire earlier than planned: the question is why? My colleagues and I attempted to answer that question in a recent study. The analysis uses data from the longitudinal Health and Retirement Study, collected between 1992 and 2012. The sample consists of all individuals who were working at t…