Debt Close to Retirement and Its Implications for Retirement Well ...

Debt close to retirement and its implications for retirement well-being

We analyze debt and debt management of Americans nearing retirement age. We show that older people have numerous financial obligations that can lead to ...

Short-term uncollateralized debt is strongly indicative of financial distress for older persons nearing retirement. Older women and people with more dependent ...

Debt Close to Retirement and its Implications for Retirement Well ...

We analyze debt and debt management of Americans nearing retirement age, to document that older people have numerous financial obligations ...

Debt Close to Retirement and Its Implications for Retirement Well ...

We analyze debt and debt management of Americans nearing retirement age, to document that older people have numerous financial obligations ...

"Debt Close to Retirement and Its Implications for Retirement Well ...

We analyze debt and debt management of Americans nearing retirement age. We show that older people have numerous financial obligations that can lead to ...

Debt Close to Retirement and Its Implications for Retirement Well ...

In general, retirement-age consumers' debt, such as a mortgage, is a planned long-term debt (Lusardi et al. 2020) . Consequently, long-term debts may not affect ...

Debt Close to Retirement and its Implications for Retirement Well ...

Request PDF | Debt Close to Retirement and its Implications for Retirement Well-being | Our chapter aims to analyze debt among pre-retirees and its ...

Debt Close to Retirement and Its Implications for Retirement Well ...

Debt Close to Retirement and its Implications for Retirement Well-Being · PUBLICATIONS · Debt Close to Retirement and Its Implications for Retirement Well- ...

Understanding Debt at Older Ages and Its Implications for ...

We use data from the 2015 National Financial Capability Study to analyze debt close to retirement. We show people carry many types of debt late in their ...

Debt, Financial Well-Being, and Retirement Preparedness Among ...

Over the past twenty years, total debt for Americans ages 70 and over has increased more relative to all other ages group- by 543% according to the Federal ...

What Are the Implications of Rising Debt for Older Americans?

Rising medical debt may lead to greater inequality in retirement security as well, since it is also more prevalent among lower-income ...

Retirement Security: Debt Increased for Older Americans over Time ...

For example, carrying credit card debt with high variable interest rates may make it difficult for the elderly to save for retirement. An older ...

Find Out Why Retirees are Carrying More Debt - AARP

According to a July 2024 report from the Nationwide Retirement Institute, a research and consulting arm of the insurance company, nearly a third ...

Debt and retirement planning: a guide for gaining peace of mind

Moreover, the stress of carrying debt into retirement can impact your mental and even physical well-being, eroding your sense of financial security and peace of ...

Saving instead of paying down debt could delay retirement

In determining the impact on retirement savings at age 65, it is assumed that for each year until age 65 the interest rate on the debt would be ...

Household Debt and Financial Well-Being in Retirement

The uneven pace of the recovery from that crisis and its lingering effects have further underscored the sense of that Americans are not prepared ...

Pay off debt with retirement savings? 3 reasons to reconsider

Using retirement savings to pay off debt can have an impact on your financial foundation now and in the future.

Should I Pay Off Debt Before I Retire? What to Know

In some cases, making a large withdrawal from your non-Roth IRA retirement accounts could push you into a higher tax bracket. That only increases the ...

Paying off debt before you retire - Vanguard

On the other hand, using some of your income to make extra student loan payments before you retire can be a good move—if you're paying a higher interest rate ...

Should You Use Retirement Savings to Pay Off Debt? - SmartAsset

Debt can cause your financial circumstances to deteriorate at an alarming rate, and resolving the issue can be the most advantageous move in the ...