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.