Tag: retirement
New research has uncovered one reason for the alarming rise in credit card use among older Americans: medical bills. When people age 50 or older experience “health shocks” – newly diagnosed medical conditions – their credit card balances rise, according to research published in the Journal of Consumer Affairs. The worse the medical condition, t…
The brief’s key findings are: The National Retirement Risk Index shows that changes in interest rates have only a modest effect on retirement preparedness for three reasons: Most households have relatively little financial wealth to annuitize. The effect on annuity income is muted, because the principal portion of the annuity payout is unaffected by interest…
