Tag: retiree consumption
I recently met with a 71-year-old retiree who relies on Social Security for a sizable share of her retirement spending. She’s concerned about recent news that the Social Security retirement trust fund will run out in 2032 – just six years from now. Having read the headlines, she is now worried she’ll lose much of…
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…
