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Welcome to the 2017 AFS Annual Meeing, being held this year, in conjunction with FPA in Nashville!
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Sunday, October 1 • 10:30am - 11:20am
C2b Why Are Americans Uncomfortable Spending from their Retirement Portfolio? Evidence from a Survey on Retirement Risk Tolerance

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There is a lot of debate about the retirement preparedness of Americans. Despite the debate, many recent studies have found that American’s spend very conservatively in retirement, and in a lot of cases continue to save. Using proprietary data from a survey on retirement risk tolerance, this study explores explanations for such conservative attitudes towards spending. Perceived preparedness, preferences for risk and spending, and expectations for medical costs and longevity are considered. Preferences for risk and spending show consistently strong relationships with spending discomfort, while perceived preparedness, income, wealth, and estimated longevity are not significant.

Author(s): Chris Browning, Ph.D.

avatar for Chris Browning

Chris Browning

Assistant Professor, Texas Tech University

Sunday October 1, 2017 10:30am - 11:20am
Mockingbird 2

Attendees (2)