Research Report When the Nest Egg Cracks
Subtitle
Financial Consequences of Health Problems, Marital Status Changes, and Job Layoffs at Older Ages
Richard W. Johnson, Gordon B. Mermin, Cori E. Uccello
Display Date
File
File
Download Report
(134.59 KB)

The risks of falling into poor health, losing the ability to work or live independently, and becoming widowed increase with age and threaten financial security. Over a 10-year period, more than three-quarters of adults age 51 to 61 at the beginning of the period experience job layoffs, widowhood, divorce, new health problems, or the onset of frailty among parents or in-laws. More than two-thirds of adults age 70 and older experience at least one negative shock over a nine-year period. Financial consequences are especially serious for older adults who develop work disabilities or long-term care needs, or who become unemployed.
Research Areas Health and health care Aging and retirement
Tags Economic well-being Disability and long-term care Pensions Long-term services and support Retirement policy
Policy Centers Income and Benefits Policy Center