December 15, 2016
Almost half of Americans die with less than $10 grand
Think Advisor - A disturbing study, largely overlooked, from three Ivy League
researchers finds that almost half of Americans die owning less than
$10,000. Many of these households also
have no housing wealth and rely almost entirely on Social Security
benefits for support.”
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1 comment:
The question to ask, then, is how much money did they have prior to whatever illness eventually led to their demise?
We are aware of all too many examples of folks who were well situated for their retirements, with more than adequate assets to provide for a comfortable existence, only to see it all evaporate away after having to contend with catastrophic illness. Medical debt impacts a huge percentage of people, it is one of the greatest disgraces of our American way of life (and death).
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