@article {10727,
	title = {Debt and Financial Vulnerability on the Verge of Retirement},
	journal = {Journal of Money, Credit and Banking},
	volume = {52},
	year = {2020},
	pages = {1005-1034},
	type = {Journal},
	abstract = {Abstract We analyze older individuals{\textquoteright} debt and financial vulnerability using data from the Health and Retirement Study (HRS) and the National Financial Capability Study (NFCS). In the HRS, we compare three groups of people age 56{\textendash}61 in 1992, 2004, and 2010, to assess cross-cohort changes in debt over time. Two waves of the NFCS (2012 and 2015) provide additional insights into debt management and older individuals{\textquoteright} capacity to shield themselves against shocks. We conclude that recent cohorts hold more debt and face more financial insecurity than in the past. This will render them particularly vulnerable to forecasted interest rate increases.},
	keywords = {Personal finance, retirement plans},
	issn = {00222879},
	doi = {10.1111/jmcb.12671},
	author = {Annamaria Lusardi and Olivia S. Mitchell and Oggero, Noemi}
}
@article {9259,
	title = {Debt and Financial Vulnerability on the Verge of Retirement},
	number = {Working Paper No. 23664},
	year = {2017},
	institution = {National Bureau of Economic Research},
	address = {Cambridge, MA},
	abstract = {We analyze older individuals{\textquoteright} debt and financial vulnerability using data from the Health and Retirement Study (HRS) and the National Financial Capability Study (NFCS). Specifically, in the HRS we examine three different cohorts (individuals age 56-61) in 1992, 2004, and 2010 to evaluate cross-cohort changes in debt over time. We also use two waves of the NFCS (2012 and 2015) to gain additional insights into debt management and older individuals{\textquoteright} capacity to shield themselves against shocks. We show that recent cohorts have taken on more debt and face more financial insecurity, mostly due to having purchased more expensive homes with smaller down payments.},
	keywords = {Consumption and Savings, Debt, Retirement Planning and Satisfaction},
	doi = {10.3386/w23664},
	url = {http://www.nber.org/papers/w23664.pdf},
	author = {Annamaria Lusardi and Olivia S. Mitchell and Oggero, Noemi}
}
