Nearly Half of Americans Die With Virtually No Assets (The Washington Post)

As The Washington Post reports, Dartmouth’s Steven Venti, the Dewalt H. 1921 and Marie H. Ankeny Professor in Economic Policy, is the co-author of a new study that suggests that many Americans spend their later years dependent on the government for support, and nearly 50 percent have less than $10,000 in financial assets when they die. The study also shows a link between health and wealth, as less-healthy seniors have fewer assets than healthier ones.

The study is a reminder of the major impact changes to Social Security could have on ordinary citizens, the Post says.

Read the full story published 8/3/12 on The Washington Post’s “Wonkblog.”