RETIRING IN DEBT? DIFFERENCES BETWEEN THE 1995 AND 2004 NEAR-RETIREE COHORTS.
This article uses the Federal Reserve Board's Survey of Consumer Finances to examine the debt holdings of near-retirees (aged 50-61) in 1995 and 2004. Employing a variety of measures of household borrowing, we find that near-retirees in 2004--the leading edge of the baby-boom cohort--had more consum...
| Publicado en: | Social Security Bulletin Vol. 69; no. 2; pp. 13 - 35 |
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| Autores principales: | , |
| Formato: | Artículo |
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Social Security Administration
2009
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=55545551&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 55545551 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00377910 SSB jtl: Social Security Bulletin issn: 00377910 maglogo: N pubinfo: dt: 2009 vid: 69 iid: 2 pid: 1046 pub: Social Security Administration artinfo: ui: 55545551 ppf: 13 ppct: 22 formats: fmt: @attributes: type: P size: 622KB tig: atl: RETIRING IN DEBT? DIFFERENCES BETWEEN THE 1995 AND 2004 NEAR-RETIREE COHORTS. aug: au: Anguelov, Chris E. Tamborini, Christopher R. affil: Division of Policy Evaluation, Office of Research, Evaluation, and Statistics (ORES), Office of Retirement and Disability Policy (ORDP), Social Security Administration (SSA) Retirement Policy (ORP), ORDP, SSA su: United States United States. Federal Reserve Board Debt Households Retirees Retirement income Research sug: subj: Debt Households Retirees United States United States. Federal Reserve Board Private Households Public Finance Activities Retirement income Research ab: This article uses the Federal Reserve Board's Survey of Consumer Finances to examine the debt holdings of near-retirees (aged 50-61) in 1995 and 2004. Employing a variety of measures of household borrowing, we find that near-retirees in 2004--the leading edge of the baby-boom cohort--had more consumer and housing debt than their counterparts in 1995. We observe a modest increase in the median debt service and debt-to-assets ratios between the two cohorts, but no statistical difference in the average ratios. Analysis of several demographic and socioeconomic subgroups reveals certain population segments, such as households headed by single women, with significantly higher debt service ratios in 2004. We discuss the implications of these trends for the retirement income security of older baby boomers and suggest further avenues of research. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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