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.
For the full article, visit Yahoo Finance (http://finance NULL.yahoo NULL.com/news/half-americans-die-almost-no-040133462 NULL.html?l=1).
National Bureau of Economic Research Study: Here (http://www NULL.nber NULL.org/papers/w17824 NULL.pdf?new_window=1)
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Source: http://patrickfarber.com/pat-farber-headlines/half-of-americans-die-with-almost-no-money/
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