people die with no money

Half of Americans Die With Virtually No Money

Posted on 08/7/2012 by | Money and Work | Comments

Bulletin Today | Money & SavingsMany of us boomers and older adults fear that we’ll retire with too little saved, and that over time, we’ll outlive our savings and die with empty pockets. Well, a study has now confirmed our worst fears:  46 percent of people die with either no financial assets, or less than $10,000. Many of these households didn’t own a home (or gave up ownership later in life) and relied almost entirely on Social Security benefits for income, according to the recent analysis of households …