Financial Well-being of Older Americans Report
December 14, 2018 / Source: CFPB
Consumer education and empowerment
Financial Well-being of Older Americans
DEC 13, 2018
The report describes the distribution of financial well-being scores for adults ages 62 and older in the United States, and the relationship between financial well-being and age. The report shows that financial well-being generally increases with age, but declines again at later ages. In addition, the report examines and quantifies for the first time the association of financial well-being and a range of topics including employment and retirement; housing situation; debt; family and living arrangement; health-related experience; and financial knowledge, skill, and behavior.