Tag: poor health
The brief’s key findings are: Most people in their 70s and 80s can still manage their money, as financial capacity relies on accumulated knowledge, which largely stays intact with age. However, financial novices who lack such knowledge and are forced to take over money management after a spouse dies will likely need help. And individuals…
Abstract This paper explores the extent to which health, employment, family, or finances are associated with earlier-than-planned retirement using the Health and Retirement Study (HRS). The importance of any shock that drives early retirement depends both on its effect on those experiencing it and its prevalence in the population; therefore, the analysis proceeds in two…
