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2022 Annual Conference

May 19–21, 2022

Sheraton Sand Key, Clearwater Beach, FL, US

Proposal authors can use this tool to see where they have been placed in the program agenda for an Oral or Poster Session.

Scroll down to search by the Submitter or Author Name, by Date/Time, or by Keywords.

Confirm your place in the schedule by going to the ACCI Presenter Confirm Google Sheet and marking your session with the name and email address of the author who will be attending and presenting. Each presentation must have a separate paid registraint. Contact the ACCI Office immedicately by email at admin@consumerinterests.org to report a conflict or if you have questions. Please be sure to reference the session title(s), date(s), and time(s) if you contact us.

103 Financial Well-Being and the Role of CARES Act

Friday, May 20, 2022 at 8:00 AM–8:50 AM EDT
Room 4 Posters
Key Words

Retirement withdrawal, Financial well-being, the CARES act, SHED

Short Description

The purpose of this study was to determine if the CARES Act, which allowed for penalty-free withdrawals from retirement funds during the COVID-19 epidemic, was connected with the subjective financial well-being of eligible American families. The July 2020 supplement to the 2019 Survey of Household Economics and Decision-making (SHED) was used in this research. The findings reveal that qualifying for the CARES Act was substantially related to respondents under the age of 59.5 withdrawing from retirement funds. On the other hand, withdrawals from retirement savings accounts were inversely associated with respondents' subjective financial well-being.

Submitter

Yu Zhang, University of Georgia

Authors

Yu Zhang, University of Georgia
Yingyi Liu, University of Georgia
Jia Qi, University of Georgia
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