Longer lives and unpredictable health make our golden years an economic puzzle, with major implications for policy and our own happiness. Economist Mariacristina De Nardi works to decipher our patterns of saving and spending in old age: Why do many couples keep putting money away long into retirement? Do we enjoy our money less as we age? How does losing a spouse dramatically change our finances? And what are the implications of COVID-19?
De Nardi is the Thomas Sargent Professor of Economics at the University of Minnesota and a consultant to the Opportunity & Inclusive Growth Institute at the Minneapolis Fed. The event was moderated by Senior Economics Writer Jeff Horwich.