Changes in U.S. Family Finances from 2004 to 2007: Evidence from the Survey of Consumer Finances

Bucks, Brian; Kennickell, Arthur B.; Mach, Traci L.; Moore, Kevin B.

doi:10.17016/bulletin.2009.95-2

Cited by 147 publications

(42 citation statements)

References 2 publications

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“…Of particular concern is the growing debt accumulated by mid-aged and older Americans. With the ease in access to credit between 2001 and 2007, the percent of households aged 55 to 64 and 65 to 74 holding any debt increased from 75.4% to 81.8% and 56.8% to 65.5%, respectively (Bucks, Kennickell, Mach, & Moore, 2009; Bucks, Kennickell, & Moore, 2006; Copeland, 2009). This trend has taken the form of substantial increases in equity lines of credit and credit card balances (Loonin & Renuart, 2007).…”

Section: Literature Reviewmentioning

confidence: 99%

Do Financial Constraints Affect Depressive Symptomatology Among Mid-Aged and Older Adults?

Gillen

Zurlo

Kim

2017

Int J Aging Hum Dev

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The relationship between financial constraints and depressive symptomatology among adults aged 50 and greater was examined. The mediating effect of perceived control over one's financial circumstances on this relationship was assessed. Ordinary least square hierarchical regression models were estimated using data from the Health and Retirement Study. As an aggregated measure, financial constraints were positively associated with depression in mid-age and late life, and this relationship was partially accounted for by the pathway of perceived control over one's financial circumstances. When disaggregated as a measure, financial constraints at the individual level had a significant effect on depression, while financial constraints at the family and public levels did not have a significant effect. When added to the model, perceived control over one's financial circumstances had a significant effect on depressive symptomatology, financial constraints remained significant at the individual level.

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Section: Literature Reviewmentioning

confidence: 99%

Do Financial Constraints Affect Depressive Symptomatology Among Mid-Aged and Older Adults?

Gillen

Zurlo

Kim

2017

Int J Aging Hum Dev

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“…Based on the 2007 Survey of Consumer Finances, balances for the lowest income and wealth quintiles are about half of that of average cardholders. See Buck, Kennickell, Mach and Moore (2009).…”

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confidence: 99%

Debt literacy, financial experiences, and overindebtedness

Lusardi

Tufano

2015

Journal of Pension Economics and Finance

931

749

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IntroductionL'Internet a été conçu pour offrir un service simple, à savoir connecter tous les ordinateurs du monde, de la façon la plus économique possible. Mais il n'a pas été conçu pour supporter un type d'applications particulier. Cependant, l'augmentation rapide des capacités des ordinateurs a fait que ceux-ci sont maintenant capables de coder et de traiter des sons ou de la voix, ainsi que des images fixes ou animées (c'est à dire de la vidéo). Il est donc naturel de penser à transmettre ces nouveaux types de données sur l'Internet. Les avantages potentiels sont en effet très nombreux, puisque la transmission de données multimedia de qualité permettrait d'offrir des services de téléphonie, et plus généralement des services de collaboration à distance combinant vidéoconfé-rence et tableau blanc partagé (c'est dire une fenêtre commune visible et modifiable par tous les utilisateurs) qui font intervenir la transmission de la voix, d'images animées, et de texte. Les besoins des applicationsLa transmission de données multimédia sur l'Internet n'est malheureusement pas une simple extrapolation de la transmission de données textuelles, pour la simple raison que les besoins des applications multimédia sont différents de ceux des applications classiques de transfert de données. Ces dernières applications ne font en général intervenir que deux utilisateurs, une source et une destination. D'autre part, leur utilité pour un utilisateur ne dépend pas, ou peu, du temps qu'il a fallu pour transférer les données. Au contraire, les applications multimedia mettent généralement en jeu un nombre important d'utilisateurs. De plus, il est très important que les données émises par un utilisateur atteignent rapidement les autre utilisateurs. En résumé, les applications multimédia interactives ont besoin d'une part d'une transmission de groupe (entre plusieurs utilisateurs) efficace, et d'autre part de garanties de performance.Bien sûr, une transmission de groupe, ou transmission multipoint, peut être fournie de façon triviale en ouvrant autant de connexions qu'il y a de destinations possibles. Mais cette solution n'est pas souhaitable car d'une part elle utilise mal les ressources du réseau, et d'autre part elle suppose que la source connaisse toutes les destinations. L'approche utilisée dans l'Internet est plus simple. Un groupe multipoint est défini par un seul identificateur de groupe, que l'on appelle adresse multipoint. Une source dési-rant envoyer des données aux membres du groupe enverra ces données à l'adresse multipoint du groupe. Les utilisateurs qui désirent participer aux activités d'un groupe s'abonnent à l'adresse multipoint du groupe. L'acheminement efficace des paquets d'une source vers toutes les destinations d'un groupe est calculé et effectué par certains noeuds Internet en utilisant des algorithmes de routage multipoint. Le MBone (Multicast backBone, ou coeur multipoint de l'Internet) est l'ensemble des noeuds qui per-

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“…We spend much of our lives devoted to the accumulation of financial and social prosperity, and often with much success. To take just one measure, the median net worth of a 65-year-old American in 2007 is more than double that of a 40 year old (Bucks et al, 2009 ). For many, however, such wealth comes at a vulnerable time when the cognitive and neurological apparatus that made this possible is beginning to break down (Plassman et al, 2008 ).…”

Section: Discussionmentioning

confidence: 99%

Neuroeconomic Measures of Social Decision-Making Across the Lifespan

Zhu¹,

Walsh²,

Hsu³

2012

Front. Neurosci.

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Social and decision-making deficits are often the first symptoms of a striking number of neurodegenerative disorders associated with aging. These includes not only disorders that directly impact dopamine and basal ganglia, such as Parkinson’s disorder, but also degeneration in which multiple neural pathways are affected over the course of normal aging. The impact of such deficits can be dramatic, as in cases of financial fraud, which disproportionately affect the elderly. Unlike memory and motor impairments, however, which are readily recognized as symptoms of more serious underlying neurological conditions, social and decision-making deficits often do not elicit comparable concern in the elderly. Furthermore, few behavioral measures exist to quantify these deficits, due in part to our limited knowledge of the core cognitive components or their neurobiological substrates. Here we probe age-related differences in decision-making using a game theory paradigm previously shown to dissociate contributions of basal ganglia and prefrontal regions to behavior. Combined with computational modeling, we provide evidence that age-related changes in elderly participants are driven primarily by an over-reliance in trial-and-error reinforcement learning that does not take into account the strategic context, which may underlie cognitive deficits that contribute to social vulnerability in elderly individuals.

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Changes in U.S. Family Finances from 2004 to 2007: Evidence from the Survey of Consumer Finances

Cited by 147 publications

References 2 publications

Do Financial Constraints Affect Depressive Symptomatology Among Mid-Aged and Older Adults?

Do Financial Constraints Affect Depressive Symptomatology Among Mid-Aged and Older Adults?

Debt literacy, financial experiences, and overindebtedness

Neuroeconomic Measures of Social Decision-Making Across the Lifespan

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