The relationship between retirement wealth and householders' lifetime personal financial and investing behaviors

Eccles, D.W.; Ward, P.; Goldsmith, E.; Arsal, G.

doi:10.1111/joca.12022

The relationship between retirement wealth and householders' lifetime personal financial and investing behaviors

Eccles, D.W.; Ward, P.; Goldsmith, E.; Arsal, G.

Authors

D.W. Eccles

P. Ward

E. Goldsmith

G. Arsal

Abstract

While previous research indicates wide wealth dispersion at retirement within households with similar lifetime incomes, there have been few attempts to identify personal financial behaviors associated with retirement wealth in households matched for lifetime income. Householders with similar demographics and lifetime income but differing markedly in net worth near retirement were surveyed in terms of personal financial behaviors undertaken during their lifetime. Results revealed key differences between householders with low and high retirement wealth in their financial behaviors and how these were acquired.

Citation

Eccles, D., Ward, P., Goldsmith, E., & Arsal, G. (2013). The relationship between retirement wealth and householders' lifetime personal financial and investing behaviors. The Journal of Consumer Affairs, 47(3), 432-464. https://doi.org/10.1111/joca.12022

Journal Article Type	Article
Publication Date	Oct 1, 2013
Deposit Date	Nov 19, 2013
Publicly Available Date	Aug 12, 2014
Journal	Journal of Consumer Affairs
Print ISSN	0022-0078
Electronic ISSN	1745-6606
Publisher	Wiley
Peer Reviewed	Peer Reviewed
Volume	47
Issue	3
Pages	432-464
DOI	https://doi.org/10.1111/joca.12022

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Copyright Statement
This is the peer reviewed version of the following article: Eccles, D. W. and Ward, P. and Goldsmith, E. and Arsal, G. (2013) 'The relationship between retirement wealth and householders' lifetime personal financial and investing behaviors.', Journal of Consumer Affairs, 47 (3). pp. 432-464 at http://dx.doi.org/10.1111/joca.12022. This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.