TY  - UNPD
A1  - Lusardi, Annamaria
A1  - Mitchell, Olivia S.
A1  - Oggero, Noemi
T1  - Debt and financial vulnerability on the verge of retirement
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 574
N2  - We analyze older individuals’ debt and financial vulnerability using data from the Health and Retirement Study (HRS) and the National Financial Capability Study (NFCS). Specifically, in the HRS we examine three different cohorts (individuals age 56–61) in 1992, 2004, and 2010 to evaluate cross-cohort changes in debt over time. We also use two waves of the NFCS (2012 and 2015) to gain additional insights into debt management and older individuals’ capacity to shield themselves against shocks. We show that recent cohorts have taken on more debt and face more financial insecurity, mostly due to having purchased more expensive homes with smaller down payments.
T3  - CFS working paper series - 574 
Y1  - 2017
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/43860
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-438608
UR  - https://ssrn.com/abstract=3038788
N1  - © Lusardi, Mitchell, Oggero
IS  - September 11, 2017
PB  - Center for Financial Studies
CY  - Frankfurt, M.
ER  -