Dear Graduate, Please Keep The Change

TitleDear Graduate, Please Keep The Change
Publication TypeNewspaper Article
Year of Publication2007
AuthorsDarlin, D
NewspaperNew York Times
SectionC.1
EditionLate Edition (East Coast)
Issue DateJune 2, 2007
KeywordsConsumption and Savings, Event History/Life Cycle, Retirement Planning and Satisfaction
Abstract

There may be another compelling reason to save and that is that while many aspects of retirement savings are predictable, the big unknowable is health care costs. ''If you believe in the logic of the life cycle model, then once you get used to peanut butter, all else follows,'' said Jonathan Skinner, a economics professor at Dartmouth College who has studied retirement issues and recently wrote a paper titled ''Are You Sure You're Saving Enough for Retirement?'' for the National Bureau of Economic Research. ''That's the assumption that I am questioning: Do people want to be stuck in peanut butter in retirement?'' [Skinner is referencing projections of increased out-of-pocket medical expenses that are based on Health and Retirement Study data.]

Endnote Keywords

retirement planning/Saving/life Cycle

Endnote ID

62597

Short TitleDear Graduate, Please Keep The Change
Citation Key8460