Nearly Half of Americans Die With Virtually No Assets (The Washington Post)


[[{“type”:“media”,“view_mode”:“media_large”,“fid”:null,“attributes”:{“class”:“media-image alignright size-full wp-image-1617”,“typeof”:“foaf:Image”,“style”:“”,“width”:“100”,“height”:“100”,“alt”:“Washington Post”}}]]As The Washington Post reports, Dartmouth’s Steven Venti, the Dewalt H. 1921 and Marie H. Ankeny Professor in Economic Policy, is the co-author of a new study that suggests that many Americans spend their later years dependent on the government for support, and nearly 50 percent have less than $10,000 in financial assets when they die. The study also shows a link between health and wealth, as less-healthy seniors have fewer assets than healthier ones.

The study is a reminder of the major impact changes to Social Security could have on ordinary citizens, the Post says.

Read the full story published 8/3/12 on The Washington Post’s “Wonkblog.”

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