Almost Half of Americans Die Close to Penniless

Half of Americans reach the end of their lives with virtually no assets, relying entirely on government programs like Social Security, Medicare and Medicaid. The results indicate that any changes to these safety net programs would threaten the welfare of older Americans.

Indeed, about 46% of senior citizens in the US have less than $10,000 in financial assets when they die. Most of these people rely almost totally on Social Security payments as their only formal means of support, according to a study out of Dartmouth College and Harvard University.

That means many seniors have almost no independent ability to withstand financial shocks, such as expensive medical treatments that may not be covered by Medicare or Medicaid, or other unexpected, costly events. Given the costs of funerals, it's fair to say that less than $10,000 is virtually penniless.

The study also confirmed the relationship between wealth and longevity, revealing a “strong correspondence” between wealth in 1993 and the length of time that people lived. That relationship held true across a variety of asset classes: People whose homes were worth more, who had larger retirement incomes, and who had more financial savings all tended to live longer than those who had fewer assets. While there is a “very active debate” among social scientists about the precise causal relationship between wealth and health, the study helps confirm that “the patterns of health status in these years are quite persistent.” 

And the replacement of fixed-pension plans with 401Ks will make this situation even direr in the future, as market fluctuations hurt individual finances.

Views: 96

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

Comment by mystery on March 17, 2014 at 10:21pm

Above story link: http://www.huffingtonpost.com/2012/08/06/americans-die-without-mone...

Great post T. HuMaN!

This is the main reason to invest their fiat money in the only true money on the planet, gold and silver. It has remained currency while man made money has come and gone for thousands of years. Get physical!!

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

cheeki kea replied to cheeki kea's discussion Tartaria
"Greetings to you John, You're right and it didn't take long for those manuals to totally…"
35 minutes ago
Doc Vega posted a blog post

The Many Keys to Deadly Secrecy in our Government

We now know thanks to the legislation of FOIA access to federal documents and evidence and the…See More
3 hours ago
Less Prone favorited tjdavis's photo
23 hours ago
Less Prone favorited rlionhearted_3's photo
23 hours ago
John Miller commented on rlionhearted_3's photo
Thumbnail

Another incredibly Stupid!! What, no mirrors?

"Brutal post... not sure it’s helping anyone though."
yesterday
John Miller replied to cheeki kea's discussion Tartaria
"Tartaria: the empire that built half the world's cathedrals, then vanished because someone…"
yesterday
Burbia commented on rlionhearted_3's photo
Thumbnail

Another incredibly Stupid!! What, no mirrors?

"This movie portrayed plastic surgery as absurd. I guess the numbers in the real world are growing."
yesterday
Burbia commented on tjdavis's photo
Thumbnail

Redux

"Ah yes, General Jussitri Smolletkov. Good tongzhi. Good tongzhi."
yesterday
Doc Vega posted a blog post

Unusual Discoveries and Headlines

Archaeologists have discovered an ancient tool dated to be 6,000 years old, but even more…See More
Monday
tjdavis posted a video

Inside Texas HOMELESS HELL – Even Cops Don't Dare Step In! - Documentary

In this powerful documentary, we explore the escalating Texas homeless crisis 2025, where cities and rural areas alike are witnessing a disturbing rise in th...
Monday
tjdavis posted a photo
Monday
John Miller replied to MAC's discussion BREAKING! UFO whistleblowers drop BOMBSHELL on D.C. | Redacted with Natali and Clayton Morris
"Crazy how these whistleblower stories are finally making it into bigger conversations. Makes you…"
Sunday
Burbia favorited tjdavis's blog post The Dems Love Their Demons
Sunday
John Miller commented on tjdavis's photo
Thumbnail

Comprehensive Coverage

"That car needs an exorcism, not an oil change."
Saturday
John Miller commented on tjdavis's blog post The Dems Love Their Demons
"If the Dems are dating demons, then that AI romance shoot was basically engagement photos."
Saturday
John Miller replied to cheeki kea's discussion Would-Be Trump Assassin Ryan Routh Gave Many Interviews with Mainstream Media
"Wouldn't be surprised if there's a whole lot more buried under the surface here."
Saturday
Less Prone favorited rlionhearted_3's photo
Saturday
Less Prone left a comment for John Miller
"Welcome John."
Saturday
Doc Vega posted a blog post

The Saga of Ape Canyon Revisited

 In the years that I’d written for the Plano Star Courier I got several invitations to go on…See More
Saturday
John Miller is now a member of 12160 Social Network
Saturday

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted