Arbeitspapier
Is Rising Household Debt Affecting Retirement Decisions?
Household debt among older Americans approaching retirement has increased dramatically over the past couple of decades. Older households have become increasingly more indebted and more leveraged. While mortgages remain the predominant type of debt among households in their 50s and 60s, in recent years, student loan debt has also risen among these households. Using household survey data to examine how late life debt affects retirement decisions, we find that more indebted older adults are more likely to work, less likely to be retired, and on average expect to work longer than those with less debt.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 13182
- Klassifikation
-
Wirtschaft
Labor Force and Employment, Size, and Structure
Retirement; Retirement Policies
- Thema
-
older adults
household debt
mortgages
student loan debt
retirement
social security
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Butrica, Barbara A.
Karamcheva, Nadia S
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute of Labor Economics (IZA)
- (wo)
-
Bonn
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Butrica, Barbara A.
- Karamcheva, Nadia S
- Institute of Labor Economics (IZA)
Entstanden
- 2020
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