Tag: household savings

financial saving concept – plant growing out of coins

The brief’s key findings are: About 40 percent of households, spanning the income spectrum, say that they couldn’t cover a $400 unexpected expense. In fact, some of these households actually do have enough to cover this modest expense, but they feel constrained by credit card debt. Overall, the analysis finds that the vulnerable households fa…

Senior man calculating finances

Abstract Much of the disagreement over whether households are adequately prepared for retirement reflects differences in assumptions regarding the extent to which consumption declines when the kids leave home.  If consumption declines substantially when the kids leave home, as some life-cycle models of retirement saving assume, households need to achieve lower replacement rates in retirement…