CrossRef Open Access 2022 5 sitasi

Economic impacts of the COVID-19 crisis: evidence from credit and debt of older adults

Meta Brown J. Michael Collins Stephanie Moulton

Abstrak

AbstractThis 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.

Penulis (3)

Meta Brown

J. Michael Collins

Stephanie Moulton

Format Sitasi

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Brown, M., Collins, J.M., Moulton, S. (2022). Economic impacts of the COVID-19 crisis: evidence from credit and debt of older adults. https://doi.org/10.1017/s1474747222000233

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Informasi Jurnal

Tahun Terbit: 2022
Bahasa: en
Total Sitasi: 5×
Sumber Database: CrossRef
DOI: 10.1017/s1474747222000233
Akses: Open Access ✓