Older persons today appear more likely to enter retirement in debt than in past decades, according to a working paper from the National Bureau of Economic Research.
The NBER paper – Debt and Financial Vulnerability on the Verge of Retirement – is co-written by Annamaria Lusardi, Olivia S. Mitchell and Noemi Oggero.
While the massive debt run-up by American households has been noted in a number of previous studies, far less work has been done evaluating older Americans’ debt pattern or the determinants of indebtedness close to retirement.
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Emily Zulz
Emily joined the ThinkAdvisor team as a reporter in the summer of 2014. She previously worked as a reporter for The Daily Journal in Kankakee, Illinois for a year and as a reporter and editor for The Daily Eastern News in Charleston, Illinois for two and a half years. Prior to joining ThinkAdvisor, Emily worked on Groupon’s editorial team in Chicago as a fact checker for three years. She graduated cum laude with a BA in journalism from Eastern Illinois University, and she has been the recipient of two journalism awards for her news reporting at daily newspapers.
