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Research Brief: Changes in Consumption and Activities in Retirement (PDF)
University of Michigan Retirement Research Center [MRRC] 
Jan. 27, 2006 2 pages. Excerpt: Economists have used the term retirement-consumption puzzle to refer to the finding that individuals seem to reach retirement not adequately prepared and appear to reduce spending in response. Following workers over time, this study shows that fewer than half of those who retire recollect a spending decline at retirement. Actual spending change also does not decline at retirement. MORE >> |
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