Hogarth, 1991

Hogarth, 1991

“Asset Management and Retired Households: Savers, Dissavers, and Alternators” (Financial Counseling and
Planning, Volume 2, 1991)

By: JEANNE M. HOGARTH

CONTACT: JEANNE M. HOGARTH (E-MAIL: hogarthj@FRB.GOV)

POSTAL: Consumer & Community Affairs, Federal Reserve Board, Washington DC 20551

PHONE: (202) 785-6024 FAX: (202) 728-5850

Using Social Security Administration’s Retirement History Survey data, this paper explores patterns of saving and
dissaving among retirement aged households. Five patterns are identified and the characteristics of households with
each of these patterns are explored. Determinants of the saving/dissaving pattern are estimated. Implications for
public policy and educational programs are discussed.

KEY WORDS: financial planning, retirement, saving