TY  - UNPD
A1  - Lusardi, Annamaria
A1  - Mitchell, Olivia S.
A1  - Oggero, Noemi
T1  - Debt close to retirement and its implications for retirement well-being
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 631
N2  - We analyze debt and debt management of Americans nearing retirement age. We show that older people have numerous financial obligations that can lead to financial distress. Using data from the 2015 National Financial Capability Study and an extensive literature review, we show that lack of financial literacy, lack of information, and behavioral biases help explain the prevalence of debt later in life. Our evidence indicates that debt at older ages can negatively influence retirement well-being.
T3  - CFS working paper series - 631 
Y1  - 2019
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/51523
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-515232
UR  - https://ssrn.com/abstract=3476324
N1  - ©2019 Lusardi, Mitchell, and Oggero. All rights reserved.
IS  - July 8, 2019
PB  - Center for Financial Studies
CY  - Frankfurt, M.
ER  -