Mitchell, Olivia S.; Clark, Robert L.; Lusardi, Annamaria - National Bureau of Economic Research - 2021
We examine respondents in the Health and Retirement Study (HRS) to observe how their financial situations unfolded as … important with age, while Social Security and retirement savings rose as a proportion of annual income … they aged. We focus on low income older adults and follow them over time to identify the factors associated with having low …