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Financial Well-being of Older Americans Report

December 14, 2018 / Source: CFPB

Consumer education and empowerment

Financial Well-being of Older Americans

DEC 13, 2018

The report describes the distribution of financial well-being scores for adults ages 62 and older in the United States, and the relationship between financial well-being and age. The report shows that financial well-being generally increases with age, but declines again at later ages. In addition, the report examines and quantifies for the first time the association of financial well-being and a range of topics including employment and retirement; housing situation; debt; family and living arrangement; health-related experience; and financial knowledge, skill, and behavior.


Read the full report