Survey rounds were conducted in andand there are plans for additional waves in and This is especially relevant given the link between expectations and portfolio choice Kezdi and Willis, Rohwedder indicated that according to data collected between May and Januarythe most common way of coping with income loss due to unemployment was through reductions in spending 89 percent of householdsfollowed by reductions in the amount of money put into savings 50 percent of households.
There could be large declines in pension wealth, since many older people are beneficiaries of pension plans that are on shaky ground.
It was also suggested that it might be useful to adopt a comparative approach to get a sense of whether people think that they are worse off than, for example, Europeans or the Japanese; at the very least, questions could be broadened to include other individuals as points of comparison.
Understanding the needs of an employer, is the first step to ensuring that you deliver strong, convincing answers, and ultimately secure a job offer.
Also, people tend to overestimate their competence and capabilities and may not even know or understand what it is that they are being asked about.
Another participant noted that the HRS asks respondents about the probability that they will be able to live independently and the probability that they will be able to think and reason well enough to manage their own affairs, which may be relevant to the potential vulnerability of older people to financial fraud.