Tag: saving
Social Security is the nation’s largest social insurance program and the backbone of the U.S. retirement income system. When Franklin D. Roosevelt proposed the program in 1934, he emphasized the insurance aspect, presenting it as a safeguard against the “hazards and vicissitudes of life.” And those hazards can start early. Many young peo…
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…
