Patrick Farber Structured Settlement Brokers

Study: Half of Americans Die With Almost No Money

By On · 9:28 AM · Add Comment

Retireee contemplates financial readinessPrior 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.

For the full article, visit Yahoo Finance.
National Bureau of Economic Research Study: Here

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Author

Patrick C. Farber

Pat Farber has 35 years of insurance experience with more than 30 years in the structured settlement field. Pat specializes in providing structured annuities for medical malpractice, personal injury, product liability, workers’ compensation, toxic torts, and construction defect cases as well as for non-physical injury cases and attorney fees. He participates in court hearings, arbitrations and settlement conferences throughout California, the West Coast and in other areas of the United States. He has personally placed over $3 billion in annuity premiums and U.S. Government notes.

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