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Journal Article

Health Spending Among Older Adults Before and After Mortgage Payoff

Chris Herbert, Jennifer Molinsky, Samara Scheckler, Kacie Dragan • October 15, 2021

Older adult homeowners increasingly carry mortgage debt into retirement. The share of homeowners aged 65 and older with outstanding mortgages doubled between 1989 and 2016,…
Working Papers

Where Does it Go? Spending by the Financially Constrained

Shawn Cole, John Thompson, Peter Tufano • February 1, 2008

UCC08-3: In this paper, we analyze the spending decisions of over 1.5 million Americans who vary in their degree of revealed credit constraints. Specifically, we analyze…