Tag: help
Abstract This paper examines financial transfers within families before and after the great recession. Transfers within families have historically been an important source of wealth accumulation for younger generations, but what happens to these transfers when incomes and wealth are distorted by a recession? We document patterns of financial transfers within families in the U.S…
The brief’s key findings are: Retirees with dementia need help managing their money to prevent mistakes, fraud, and abuse. One source of help is Social Security’s Representative Payee Program, which allows a designated person to receive and manage a retiree’s benefit check. Among people over age 70 with dementia, only 9 percent have a pay…
