Prior to 2009, many injured plaintiffs were most concerned with investing their settlement proceeds in the stock and real estate markets. Since 2009, I have seen a shift in focus. The largest concern by injured plaintiffs today is outliving their money. There is good cause for worry.
A recent article posted on MarketWatch cites a study by the National Bureau of Economic Research showing that 46% of American retirees have just $10,000 when they die. While people can live with limited savings, the study’s findings are a reminder of how fragile our economic conditions are if a financial emergency occurs. A structured settlement that prepares for unforeseen medical and other uncertainties during retirement means injured parties can enjoy financial peace of mind when it matters most.