Half Of Americans Die With Less Than $10,000

Who is going to pay their share of the national debt? What a bunch of deadbeats! Angry

Close to half of Americans die owning very little in financial assets, with senior citizens relying heavily on Social Security to help get them through their retirement years.

More than 46 percent of Americans find themselves with under $10,000 in financial assets by the time they die, according to a new study examining financial status among senior citizens. The study, “Were They Prepared For Retirement?,” looks at the connection between health and wealth and Americans’ increased reliance on the government.

“Many of these households also have no housing wealth and rely almost entirely on Social Security benefits for support,” wrote the study’s three authors, James Poterba of MIT, Steven Venti of Dartmouth and David Wise of Harvard.

Although the study outlines that most households seem well-prepared for retirement, finding that the average income in the final years is not a significant drop from the average income in a person’s late 50s or early 60s, there’s little wiggle room “to pay for unanticipated needs such as health expenses or other financial shocks or to pay for entertainment, travel, or other activities.”

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8 Responses to Half Of Americans Die With Less Than $10,000

  1. Kent says:

    I plan on having all my money buried with me like the crafty Pharos.

  2. grandma says:

    And……… Your citation for that is what?

    • noblindersonme says:

      kevin needs no citation or proof or factual reference for any of his silly utterances , he does not reside in the real world. He has a comic book vision of it. look at his silly ass picture , he is just wearing a tshirt that has a suit imprinted on it , like those tuxedo tshirts! and he is not wearing pants!

  3. Avatar of Kevin Kevin says:

    Why is Ron concerned about my pants?

  4. Bison fan in NW MN says:

    Only the super rich money?

    Bull**it!

    income taxes increase
    payroll taxes increase
    child deduction will go down from 1K to 500
    new surtax on investment income
    raising of the threshold on deduction of medical expenses
    flexible spending account cap….good one here Obama….loser!
    keeping corporate tax rates the highest in the world….good for business….loser!

    Hey blinders…..only the ‘superrich’…do alittle research.

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