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What You Can Do if You Are Injured by a COVID-19 Vaccine – NBC10 Philadelphia
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Brickell Biotech To Host Key Opinion Leader Webinar on the Hyperhidrosis Market
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UN Human Rights Experts Condemn Expanding Petrochemical Industry in Louisiana s Cancer Alley as Environmental Racism
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Bien-être : Comment vaincre l obésité par une vie saine
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Latest Retirement Research: Track Spending, Invest in Health
Not being financially literate can be dangerous to your wealth in retirement.
Author:
Mar 3, 2021 8:00 AM EST
What advice then do experts have for older Americans with respect to their personal finances, retirement accounts, etc. What actions should they take and/or avoid?
A bit of background: Poor financial capability can erode well-being in later life, according to Understanding Debt in the Older Population, research co-authored by Annamaria Lusardi, a professor at the George Washington University School of Business and Olivia Mitchell, a professor the Wharton School of the University of Pennsylvania.
According to that research, older Americans, ages 51-61 carry debt due to student loans and unpaid medical bills; and having children also contributes to carrying debt close to retirement.