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Financial Management Decisions by Low-Income Households

Principal Investigator: Robert Clark

Sponsor: Institute of Consumer Money Management

Award Period: 5/1/2019 - 10/31/2020

Amount: $80,000

Description: This research examines the role of marital status, gender, and past earnings in determining economic well-being in retirement. The project focuses on low and moderate income retirees who worked for state and local government agencies in North Carolina and will further examine how financial literacy affects asset and debt management in retirement.