Table V.
Posterior probability of component 1
| (1) | (2) | (3) | (4) | (5) | (6) | |
|---|---|---|---|---|---|---|
| Married or partnered | 0.0121* (0.00662) |
0.0393* (0.0210) |
0.0407 (0.0284) |
|||
| Log household income | −0.0115*** (0.00172) |
−0.0113** (0.00439) |
−0.0108** (0.00476) |
|||
| Cognition | −0.00230*** (0.000493) |
−0.00125 (0.00192) |
−0.00125 (0.00268) |
|||
| Number of health conditions | 0.0221*** (0.00189) |
0.0153*** (0.00523) |
0.0190** (0.00745) |
|||
| Retired | 0.00128 (0.00775) |
−0.00202 (0.0140) |
0.00439 (0.0208) |
|||
| Not working | 0.0162** (0.00773) |
0.0389** (0.0143) |
0.0695*** (0.0181) |
|||
| Difficulty paying bills | 0.00761 (0.00666) |
0.0255* (0.0137) |
||||
| Ongoing financial strain | 0.0113 (0.00896) |
−2.28e-05 (0.0150) |
||||
| Risk | −0.0159 (0.0112) |
|||||
| Financial planning horizon | 0.00304 (0.00859) |
|||||
| Age 61–70 | 0.0229*** (0.00551) |
0.0349*** (0.00468) |
0.0396** (0.0152) |
0.0383*** (0.0124) |
0.0405* (0.0220) |
0.0420** (0.0181) |
| Age 71–80 | 0.0400*** (0.00677) |
0.0639*** (0.00579) |
0.0599** (0.0254) |
0.0626*** (0.0189) |
0.0591 (0.0395) |
0.0586* (0.0312) |
| Age 81+ | 0.0181** (0.00888) |
0.0503*** (0.00711) |
0.0600* (0.0333) |
0.0548** (0.0256) |
0.0353 (0.0880) |
0.0259 (0.0827) |
| Height | −0.00310 (0.0535) |
−0.00884 (0.0536) |
−0.0241 (0.0879) |
−0.0246 (0.0942) |
−0.0147 (0.117) |
−0.0104 (0.118) |
| Years of education | −0.0188*** (0.00159) |
−0.0229*** (0.00159) |
−0.0174*** (0.00268) |
−0.0229*** (0.00295) |
−0.0154*** (0.00515) |
−0.0228*** (0.00468) |
| Black | 0.0195 (0.0121) |
0.0315** (0.0127) |
−0.00270 (0.0236) |
0.00175 (0.0201) |
−0.0171 (0.0361) |
−0.0116 (0.0314) |
| Other race | 0.0276* (0.0144) |
0.0357** (0.0153) |
−0.0670 (0.0539) |
−0.0533 (0.0588) |
−0.131** (0.0568) |
−0.109 (0.0679) |
| Male | −0.172*** (0.00845) |
−0.173*** (0.00753) |
−0.143*** (0.0184) |
−0.147*** (0.0201) |
−0.144*** (0.0235) |
−0.150*** (0.0229) |
| Constant | 1.097*** (0.0890) |
1.039*** (0.0863) |
1.033*** (0.143) |
1.060*** (0.146) |
0.972*** (0.216) |
1.009*** (0.202) |
| N | 54,489 | 54,489 | 7,449 | 7,449 | 3,881 | 3,881 |
| R2 | 0.128 | 0.117 | 0.107 | 0.095 | 0.109 | 0.089 |
Regressions also include census region of residence and year dummies.
Standard errors in parentheses; regressions are weighted, and robust standard errors are clustered at the state level.
*
p<0.1
**
p<0.05
***
p<0.01.