Annamaria Lusardi|Olivia S. Mitchell|Noemi Oggero
Debt and Financial Vulnerability on the Verge of Retirement
University of Turin|University of Pennsylvania|Collegio Carlo Alberto|George Washington University|National Bureau of Economic Research|University of Pennsylvania|Collegio Carlo Alberto|University of Turin|George Washington University|National Bureau of Economic Research|University of Pennsylvania|Collegio Carlo Alberto|University of Turin|George Washington University|National Bureau of Economic Research
abstract analyze older individuals debt financial vulnerability using data health retirement study hrs national financial capability study nfcs hrs compare three groups people age 5661 1992 2004 2010 assess crosscohort changes debt time two waves nfcs 2012 2015 provide additional insights debt management older individuals capacity shield shocks conclude recent cohorts hold debt face financial insecurity past render particularly vulnerable forecasted interest rate increases