Debt and Financial Vulnerability on the Verge of Retirement
利用健康与退休研究和全国金融能力研究的数据，分析了即将退休人群的债务变化和财务脆弱性，发现近年群体债务更高、财务更不安全，易受利率上升冲击。
Abstract We analyze older individuals’ debt and financial vulnerability using data from the Health and Retirement Study (HRS) and the National Financial Capability Study (NFCS). In the HRS, we compare three groups of people age 56–61 in 1992, 2004, and 2010, to assess cross‐cohort changes in debt over time. Two waves of the NFCS (2012 and 2015) provide additional insights into debt management and older individuals’ capacity to shield themselves against shocks. We conclude that recent cohorts hold more debt and face more financial insecurity than in the past. This will render them particularly vulnerable to forecasted interest rate increases.