Key Findings Details
Comparing Retirement Wealth Trajectories on Both Sides of the Pond
Richard Blundell, Rowena Crawford, Eric French and Gemma Tetlow
- We find that American retirees decumulated wealth over the 2002-2012 period much more rapidly than English households of the same age.
- This difference is partly, but not entirely, due to more rapid house price appreciation in England over the sample period.
- Our results suggest the illiquid nature of housing is likely to be an important factor in explaining wealth drawdown at older ages.