Tag: household finances
Preserving consumption in the short-term means less resources for the future. We just released a study that introduces behavioral responses when looking at the effect of inflation on consumption and wealth of near retirees and retirees. The behavioral responses come from a new survey that explores how older households reacted to recent inflation – in…
U.S. inflation peaked at 8.9 percent in June 2022, and, while the rate has declined substantially since then, inflation still remains an important concern. That concern is justified in that the first brief in this two-part series – as well as numerous other studies – have shown that inflation harms older households by both reducing…
