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The Relationship between Retirement Wealth and Householders' Lifetime Personal Financial and Investing Behaviors
Author(s) -
ECCLES DAVID W.,
WARD PAUL,
GOLDSMITH ELIZABETH,
ARSAL GULER
Publication year - 2013
Publication title -
journal of consumer affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.582
H-Index - 62
eISSN - 1745-6606
pISSN - 0022-0078
DOI - 10.1111/joca.12022
Subject(s) - demographics , net worth , personal income , economics , demographic economics , finance , business , labour economics , economic growth , debt , demography , sociology
While previous research indicates wide wealth dispersion at retirement within households with similar lifetime incomes, there have been few attempts to identify personal financial behaviors associated with retirement wealth in households matched for lifetime income. Householders with similar demographics and lifetime income but differing markedly in net worth near retirement were surveyed in terms of personal financial behaviors undertaken during their lifetime. Results revealed key differences between householders with low and high retirement wealth in their financial behaviors and how these were acquired.