Study: Many Americans die with 'virtually no financial assets'
Friday, August 3, 2012 - 06:00
in Psychology & Sociology
It is a central worry of many Americans: not having enough money to live comfortably in old age. Now an innovative paper co-authored by an MIT economist shows that a large portion of Americas older population has very little savings in bank accounts, stocks and bonds, and dies with virtually no financial assets to their names.