Bonfatti A., Celidoni M., Weber G. (2015).

Coping with risks during the Great Recession. In Börsch-Supan A., Kneip T., Litwin H., Myck M., Weber G., Ageing in Europe – Supporting Policies for an Inclusive Society, pp. 225-234.

Abstract:

The aggregate proportion of 50+ households in financial distress has been stable between 2011 and 2013 but individual circumstances have changed for many households.
Financial assets have been used as a buffer, in particular by low income households hit by health shocks.
Greater social inclusion, proxied by the size of the social network, reduces the probability of falling into financial distress.