A Crisis for the Very Old (Los Angeles Times)
July 19, 2013
In his Los Angeles Times column about the economic crisis facing older generations of Americans, Michael Hiltzik writes that a study by economists at MIT, Harvard, and Dartmouth found that “46 percent of Americans die with less than $10,000 in assets.”
The study, writes Hiltzik, also found that many older Americans are “lacking even home equity and relying almost entirely on Social Security.”
Dartmouth’s Steven Venti, the Dewalt H. 1921 and Marie H. Ankeny Professor in Economic Policy, is a co-author of the study.
Read the full story, published 7/16/13 by the Los Angeles Times.