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Two U-M studies reveal more financial pessimism, less spending among retirees

MiCDA News Reference

"Frugal retirees ditch 4 percent rule, hoard savings instead" - CNBC. 05/16/2017.

Analyses using data from the Health and Retirement Study and the Surveys of Consumers suggest that retirees' growing pessimism about their financial futures may drive them to spend less.

More Media Coverage:

Daily Mail. American retirees are hoarding their cash and many are even RICHER in their 80s than in their 60s. 5/16/2017.

Bloomberg. Rich Retirees Are Hoarding Cash Out of Fear. 5/16/2017.

Money. Retirees Are Too Pessimistic on Their Investments—And It's Costing Them. 5/16/2017.

USA Today. Frugal retirees ditch 4% rule, hoard savings instea. 5/23/2017.

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