#Older Americans

[squaredawayblog]

Homeownership for older workers and retirees is on a downward path.

[crratbc]

The report’s key findings are:

High inflation tends to harm older households, but the size of the impact varies due to three factors:

the extent to which income and assets keep up with rising prices;

the amount of fixed-rate debt, which declines in real terms as inflation rises; and

the extent to which households respond.

Absent any response, retirees are hurt more than near retirees as, outside of Social Security, their income is less indexed to prices and they hold less debt.

Among households that do respond, new data show that many tap assets and cut back on saving, which means more consumption today but less tomorrow.

[lolas-blrr]

need this so bad

[b0bthebuilder35]

This should be concerning. People over the age of 75, should not be trying to enter the workforce. These numbers aren’t based on people who are entering the workforce just because they want something to do because they’re bored. If it’s the fastest growing, it’s because they feel they have to for any number of reasons.

[brutalcomplex]

collection (2016)

[lizzygrant17]

[dumbgirlmiu]

Am i ruining my life or just having fun ?

[squaredawayblog]

Single people often lacked the social and emotional support they needed during the pandemic, while workers living with other family members encountered more financial difficulties. 

[crratbc]

The brief’s key findings are:

The share of older Americans with debt has been rising since the 1990s, but holding debt in retirement is not necessarily bad.

The question is, how many older borrowers are at high risk of financial distress due to the type and size of their debt?

The analysis finds that the majority of older borrowers are at high risk, but not all high-risk borrowers are alike.

The high-risk fall into four groups: 1) financially constrained; 2) credit card borrowers; 3) too much house; and 4) wealthy spenders.

Hence, no one-size-fits-all solution exists, so targeted policy interventions would be most effective.

[arcadiascherry]

me and who

[coqdolli]

dress me up like your little doll daddy🧸ྀི

[the-kings-lost-things]

every time I listen to the httyd audiobooks narrated by david tennant I grow increasingly infuriated that dreamworks gave Hiccup an american accent in the films

[urdeadsweetheart]

My sweet Lolita

[prairiedeath]

08.24.2024 • 2:00am