@article {5427,
	title = {Patterns of Dissaving in Retirement},
	number = {2000-10},
	year = {2000},
	institution = { AARP Public Policy Institute},
	address = {Washington, D.C.},
	abstract = {Abstract:  Examined patterns of dissaving among households with at least one older adult. Data were obtained from the Social Security Administration{\textquoteright}s New Beneficiary Data System (NBDS) on older adults (mainly those aged 62-65) who received Social Security benefits for the first time in 1980-1981 and who were interviewed in 1982 and 1991. Data were also obtained from the 1993 and 1995 waves of the National Institute on Aging{\textquoteright}s Asset and Health Dynamics Among the Oldest Old (AHEAD) survey of adults aged 70 and older. Multivariate analyses indicated that changes in wealth were fairly flat in the 1980s (based on NBDS data), with mean wealth growing just under one percent per year for the 9 years of the sample period, while median wealth declined by about one-quarter of a percentage point per year. The AHEAD data from the 1990s suggest that most adults aged 70 and older enjoyed wealth increases, which in large part were due to the dramatic rise in stock prices over the 2 years of the survey period. Overall, there was increasing wealth inequality, with less well off households dissaving more rapidly than better off households. Households in which health declined between the waves studied were more likely to dissave. Savings patterns of households with and without children were fairly similar. Two appendixes provide information on the study methodology and additional data tables},
	keywords = {Consumption and Savings, Net Worth and Assets, Retirement Planning and Satisfaction},
	url = {https://assets.aarp.org/rgcenter/econ/2000_10_dissaving.pdf},
	author = {Steven Haider and Michael D Hurd and Reardon, Elaine and Williamson, Stephanie}
}
