Retirement Savings of the Hip Generation: A Study of Retirement Preparation among Individuals in Their Fifties
By M. Kabir Hassan (University of New Orleans - College of Business Administration - Department of Economics and Finance), Shari Lawrence (University of New Orleans - College of Business Administration - Department of Economics and Finance) Longer retirement periods coupled with the inadequacy of the Social Security system, low personal savings rates, and a decreasing trend in the prevalence of defined benefit retirement plans threaten to put a financial strain on individuals approaching retirement. To that end, we investigate retirement...