The kids are all right: Generational differences in responses to the great recession

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Publication Type pre-print
School or College College of Social & Behavioral Science
Department Family & Consumer Studies
Creator Zick, Cathleen D.
Other Author Mayer, Robert N.; Glaubitz, Kara
Title The kids are all right: Generational differences in responses to the great recession
Date 2012-01-01
Description Data from a university survey of 2,799 employees were examined to determine age cohort differences in retirement planning activities in the aftermath of the Great Recession. A life course approach and logistic regression were used to assess whether members of four different age cohorts altered their retirement planning activities. Older cohorts were more likely to have sought advice from a financial planner but were less likely to have increased time spent educating themselves about financial topics. Older cohorts were also less likely to be saving more for retirement and more likely to be delaying retirement compared to the youngest cohort. The youngest cohort members were relatively more likely to be confident that they will have sufficient funds to live comfortably after retirement. Older cohorts responded to the Great Recession by seeking safety for their retirement assets, and they resigned themselves to working longer before retirement.
Type Text
Publisher Association for Financial Counseling and Planning Education (AFCPE)
Volume 23
Issue 1
First Page 3
Last Page 16
Language eng
Bibliographic Citation Zick, C. D., Mayer, R. N., & Glaubitz, K. (2012). The kids are all right: Generational differences in responses to the great recession. Journal of Financial Counseling and Planning, 23(1), 3-16.
Format Medium application/pdf
Format Extent 346,451 bytes
Identifier uspace,17676
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Reference URL https://collections.lib.utah.edu/ark:/87278/s61s00kc