A Measurement of the Effect of the Financial Crisis: Consumption …

March 2011
Journal of Financial Planning;Mar2011, Vol. 24 Issue 3, p18
Academic Journal
The article reports on the results of the Michigan Retirement Research Center working paper "The Effects of the Financial Crisis on the Well-Being of Older Americans" by Matthew D. Shapiro depicting that households with little financial wealth also undergo declines in well-being, as evaluated by declines in consumption in the U.S.


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