IDEAS home Printed from https://ideas.repec.org/a/oup/geronb/v75y2020i4p827-836..html
   My bibliography  Save this article

Change in Retirement Plans Among Midlife Couples During an Economic Recession

Author

Listed:
  • Jeremy B Yorgason
  • Dikla Segel-Karpas
  • Brandan E Wheeler
  • Jerevie Malig Canlas
  • Jamie Smith
  • James M Raymo

Abstract

ObjectiveAlthough research has investigated financial planning for retirement, less is known about how adults plan their retirement activities. Even less is known about couples’ congruence and incongruence in retirement activities planning. The authors examined husband and wife reports of retirement plans across a 5-year period that involved a U.S. economic recession.MethodUsing data from 335 midlife couples who participated in the Flourishing Families project, retirement plans were grouped into five categories—family, leisure, volunteer, work, and uncertain. We estimated probit dyadic structural equation models to explore longitudinal predictors of retirement plans.ResultsResults indicated mean differences in retirement plans between husbands and wives, and also across time that might have been influenced by surrounding economics. Wife poor health, number of children, both spouses working, and financial assets were linked with the likelihood of reporting certainty in retirement plans. Greater retirement uncertainty was predicted by lower marital quality, higher financial adjustments, lower education, and ethnic diversity.ConclusionHusband and wife reports of retirement plans are not always congruent, and plans in retirement can be affected by large scale changes in the U.S. economy.

Suggested Citation

  • Jeremy B Yorgason & Dikla Segel-Karpas & Brandan E Wheeler & Jerevie Malig Canlas & Jamie Smith & James M Raymo, 2020. "Change in Retirement Plans Among Midlife Couples During an Economic Recession," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 75(4), pages 827-836.
    • Handle: RePEc:oup:geronb:v:75:y:2020:i:4:p:827-836.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/geronb/gbz076
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:geronb:v:75:y:2020:i:4:p:827-836.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/psychsocgerontology .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.