How do older households react to inflation?

Aubry, Jean-Pierre, and Laura D. Quinby. “How do older households react to inflation?”. Issue in Brief 24-14, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, July 2024. http://hdl.handle.net/2345/bc-ir:110145.
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Abstract

The brief's key findings are: (1) Without any behavioral response, high inflation generally harms older households by reducing their consumption and wealth. (2) But new survey data show that people do respond: many near retirees and retirees cut back saving and tap existing assets; and they rarely work longer or change their asset allocation. (3) Overall, these actions help prop up consumption today, but leave them with less wealth for consumption tomorrow.

Title
How do older households react to inflation?
Author
Aubry, Jean-Pierre
Quinby, Laura D.
Center
Center for Retirement Research
Genre
report
Date Issued
July 2024
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
24-14
Persistent Link
http://hdl.handle.net/2345/bc-ir:110145
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing Retirement

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