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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: Lambo 🐝  😊 😞
Number: of 4460 
Subject: Re: Pre-approval in Medicare
Date: 08/29/25 10:04 AM
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No. of Recommendations: 4
The goal is to destroy the US economy and say, "We told you so, we need to end SS and state/federal healthcare"...

...The odds that 9 in 10 of us reading this die penniless are rising by the hour.


90% of us die penniless? It does rise, but how many of us die penniless right now?

Minimal financial assets: In 2012, a study by the National Bureau of Economic Research found that almost half (46%) of US senior citizens died with less than $10,000 in financial assets, such as savings, stocks, and bonds.

Reliance on Social Security: The same 2012 study noted that many seniors with few financial assets relied almost entirely on Social Security for financial support in their final years.

Slightly older, less healthy fared worse: A 2015 study focusing on Americans 85 or older found that roughly one in five had no assets besides a house, while roughly one in eight had no assets at all. The study also noted that those who died at an older age and in poorer health tended to have less wealth than those who died younger and in better health.
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Members reply directly to Lambo here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
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