Tag: household saving
The brief’s key findings are: Over 40 percent of respondents to a 2009 CRR survey planned no response to the financial crisis. But after it was made clear that their only options are to save more, work longer, or spend less in retirement, most opted to alter saving or work plans. Those who changed had…
The brief’s key findings are: Half of respondents to a 2009 CRR survey planned to respond to the downturn by working longer, saving more, or both. Their choice was influenced by different factors: “Work longer” was favored by those with large losses or a greater dependence on assets, less time to recover, and high anxiety…
