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Thursday, August 9th, 2012

Study: Almost Half Of Americans Die With Less Than $10,000 In Assets

Author:    
Source:     WTIC - CBS Connecticut
Publication Date:     8/8/2012 12:30
 Link: Study: Almost Half Of Americans Die With Less Than $10,000 In Assets
Stephan:   This is how badly the middle class has been gutted in America. Think about what this study is telling us: We are a country in poverty. The vast wealth of the uber rich, and the fantasies projected by our media combine to mask how really poor we have become.

CAMBRIDGE, MASS. — Close to half of Americans die owning very little in financial assets, with senior citizens relying heavily on Social Security to help get them through their retirement years.

More than 46 percent of Americans find themselves with under $10,000 in financial assets by the time they die, according to a new study examining financial status among senior citizens. The study, ‘Were They Prepared For Retirement?,

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Stephan A. Schwartz, Editor

Stephan Schwartz, is a scientist, futurist and award-winning author of both fiction and nonfiction. A Distinguished Associate Scholar at the California Institute for Human Science and a columnist for the journal Explore, he is the editor of the daily web publication Schwartzreport.net and the weekly Schwartzreport podcast, in which he covers future trends that are shaping the world. For over 40 years, as an experimentalist, he has been studying the nature of consciousness and is one of the small group that created modern remote viewing. He is the author of more than 250 technical reports and papers and is the recipient of the Parapsychological Association Outstanding Contribution Award, the U.S. Navy’s Certificate of Commendation for Outstanding Performance, and OOOM Magazine’s 100 Most Inspiring People in the World Award.

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