Tag: retirement expense
2020 was a year like no other. But despite the pandemic, most baby boomers’ finances emerged unscathed. The stock market rebounded smartly from its March nosedive. And the economy has improved, though it remains on shaky ground. Our readers, having largely ridden out last spring’s disruptions, returned to a perennial issue of interest to them:…
The brief’s key findings are: The impact of the financial crisis on the consumption of retirees depends on how much they have in financial assets, how they invest, and their reliance on assets for consumption. The crisis had little effect on those 40 percent with very small amounts of financial assets and the top 5 percent wit…