@article {13807,
	title = {Younger Boomers Have Less: How to Avoid Running Out of Money in Retirement},
	year = {2024},
	publisher = {AOL},
	keywords = {Baby Boomers, retirement savings, wealth accumulation},
	url = {https://www.aol.com/younger-boomers-less-avoid-running-183834259.html?ref=biztoc.com},
	author = {O{\textquoteright}Conner, Brian J}
}
@article {11272,
	title = {Nursing Home Use Expectations and Wealth Accumulation Among Older Adults},
	number = {WI20-01},
	year = {2020},
	institution = {Center for Financial Security, University of Wisconsin-Madison},
	address = {Madison, WI},
	abstract = {Long-term care represents a significant cost to older adults in the US, and nursing home use is an
important part of long-term care. It is therefore important to understand how older adults make
nursing home-related decisions. This study analyzes the determinants of older adults{\textquoteright} nursing
home use expectations, their relationship with actual nursing home use in the future, and the
association between nursing home use expectations and older adults{\textquoteright} decisions regarding wealth
accumulation. The findings indicate that older adults update their nursing home use expectations
rationally and their nursing home use expectations have strong predictive power for actual
nursing home use in the future, but these expectations are not statistically significantly associated
with wealth accumulation. },
	keywords = {Disparities, Nursing home use, Subjective Expectations, wealth accumulation},
	url = {https://cfsrdrc.wisc.edu/publications/working-paper/wi20-01},
	author = {Padmaja Ayyagari and Wang, Yang}
}
@article {unknown,
	title = {Effect of Job Loss on Wealth Accumulation of Older Workers},
	year = {2013},
	institution = {CUNY School of Public Health at Hunter College},
	abstract = {In this study, we examine the impact of job displacement on wealth holdings of older
workers. Using data from the Health and Retirement Study, we measure the impact of job loss on
the total wealth and its subcomponents. We find that a typical worker experiences a persistent
reduction in his/her wealth balances at a rate of 8 percent six or more years post job loss. Wealth
shocks of this magnitude during the years leading up to retirement may jeopardize wealth
adequacy during retirement. In our assessment of wealth adequacy, we find that job displacement
can push more people into {\textquotedblleft}near poverty{\textquotedblright}. We use the formulation of Love et al. (2007) to
compare household wealth to poverty by computing the ratio of household wealth to the actuarial
present value of poverty lines. We find that 11.1 percent of the displaced survey respondents
have poverty ratio between 1 and 1.5 as opposed to 7.8 percent of the not displaced survey
respondents. },
	keywords = {Job loss, Labor demand, Labor Dynamics, wealth accumulation, Work},
	url = {https://www.researchgate.net/publication/320626773_Effect_of_Job_Loss_on_Wealth_Accumulation_of_Older_Workers},
	author = {Bayaz Ozturk, Gulgun and William T Gallo}
}
@article {NBERw8237,
	title = {Saving Puzzles and Saving Policies in the United States},
	year = {2001},
	institution = {NBER},
	abstract = {In the past two decades the widely reported personal saving rate in the United States has dropped from double digits to below zero. First, we attempt to account for the decline in the National Income and Product Accounts (NIPA) saving rate. The macroeconomic literature suggests that about half of the drop since 1988 can be attributed to households spending stock market capital gains. Another thirty percent is accounting transfers from personal saving into government and corporate saving because of the way pensions and capital gains taxes are treated in the NIPA. Second, while NIPA saving measures are well suited for measuring the supply of new funds for investment and capital accumulation, it is not clear that they should be the target of government saving policies. Finally, we emphasize that the NIPA saving rate is not useful in judging whether households are preparing for retirement or other contingencies. Many households have accumulated significant wealth, primarily through retirement saving vehicles and capital gains, even as the saving rate slid. There remains a segment of the population, however, who save little and whose behavior appears untouched either by the stock market boom or the slide in personal saving. We explore reasons and policy options for their puzzlingly low saving rate.},
	keywords = {Saving, Saving behavior, Wealth, wealth accumulation},
	doi = {10.3386/w8237},
	url = {http://www.nber.org/papers/w8237},
	author = {Annamaria Lusardi and Jonathan S Skinner and Steven F Venti}
}
