Academic Journal
Economic impacts of the COVID-19 crisis: evidence from credit and debt of older adults
| العنوان: | Economic impacts of the COVID-19 crisis: evidence from credit and debt of older adults |
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| المؤلفون: | Brown, Meta, Collins, J. Michael, Moulton, Stephanie |
| المساهمون: | U.S. Social Security Administration |
| المصدر: | Journal of Pension Economics and Finance ; volume 23, issue 1, page 53-71 ; ISSN 1474-7472 1475-3022 |
| بيانات النشر: | Cambridge University Press (CUP) |
| سنة النشر: | 2022 |
| الوصف: | This study documents the credit outcomes of older adults immediately before and after the onset of the COVID-19 pandemic in the United States. On average, older adults experienced larger reductions in total household debt relative to younger adults. However, there is significant heterogeneity, where older adults with higher incomes experienced the largest declines, and lower-income older adults experienced an increase in total debt. Overall, these data highlight important trends in the credit experiences of older adults that may affect their future financial security. |
| نوع الوثيقة: | article in journal/newspaper |
| اللغة: | English |
| DOI: | 10.1017/s1474747222000233 |
| الاتاحة: | http://dx.doi.org/10.1017/s1474747222000233 https://www.cambridge.org/core/services/aop-cambridge-core/content/view/S1474747222000233 |
| Rights: | http://creativecommons.org/licenses/by/4.0/ |
| رقم الانضمام: | edsbas.CE67CBA4 |
| قاعدة البيانات: | BASE |
| DOI: | 10.1017/s1474747222000233 |
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