Financial Life After the Death of a Spouse

Itzik Fadlon, Lisa Camner McKay, Shanthi Ramnath and Patricia K. Tong ()

Chicago Fed Letter, 2020, issue 438

Abstract: The death of a spouse results in a considerable decline in average income for the surviving spouse. The Social Security survivors benefits program compensates the surviving spouse, most often a woman, for almost all of the lost income, allowing them to work less, but many widows who are not yet eligible for the program struggle to meet their financial needs.

Keywords: life insurance; Widow; Social Security benefits (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.chicagofed.org/~/media/publications/ch ... /2020/cfl438-pdf.pdf (application/pdf)

Related works:
Journal Article: Financial life after the death of a spouse (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedhle:88127

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Chicago Fed Letter from Federal Reserve Bank of Chicago Contact information at EDIRC.
Bibliographic data for series maintained by Lauren Wiese ().