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More Retired Americans Are Outliving Their Savings and Saddled With Debt
(By - Juliette Fairley, www.thestreet.com)
One of the biggest fears for retiring Baby Boomers is outliving their savings. But that’s the reality facing more Americans starting at 50 years old. Some 12.2% of seniors who died at age 85 or older had no assets left, according to a study by the Employee Benefit Research Institute. And among singles who died at ages 85 or above, 9.1% had outstanding debt averaging $6,368, not including a mortgage. Read more…
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