| |
Centre for Policy on Ageing | |
 | |
|
| Tracking the majority: households, older workers, and retirement during the great depression | | Author(s) | Jon R Moen, Brian Gratton |
| Journal title | The Journals of Gerontology Series B: Psychological Sciences and Social Sciences, vol 55B, no 1, January 2000 |
| Pages | pp S28-S32 |
| Keywords | Retirement ; Employment of older people ; Pensions ; Investments [elderly] ; United States of America. |
| Annotation | Well into the 20th century, older people relied on traditional means of support, such as children's financial contributions or continued labour force activity. After the institution of Social Security in the late 1930s, retirement - permanent withdrawal from the labour force with financial arrangements for support - became an expected part of the life cycle of men 65 years and older in the United States. This study explored the extent of retirement and methods to finance it in the period just before Social Security became available, using the 1935-1936 Study of Consumer Purchases (SCP). Findings revealed that retirement in the modern sense appeared before state provision of support for older persons. Data indicate a considerable reliance on pensions and investment income despite Depression conditions. These findings constitute evidence for an independent, non-family-based retirement before governmental assistance through Social Security. (AKM). |
| Accession Number | CPA-000420409 A |
| Classmark | G3: GC: JJ: JDK: 7T |
Data © Centre for Policy on Ageing |
|
| ...from the Ageinfo database published by Centre for Policy on Ageing. |
| |
|