Tuesday, March 22, 2016

Seniors should assess their likelihood of poverty honestly


Mark Rank has an op-ed on p. 9 of the New York Times Review, Sunday, March 9, “Calculate your economic risk” asking, what are the chances you will experience poverty in the near future?

The probabilities in any age group are disturbing, and they seem related to the difficulty many people experience in bringing in enough steady income in legitimate labor (not cheesy hucksterism).

They also may relate to ideas like misappropriation of “generational wealth”.

The biggest risks are to people whose assets are in illiquid or volatile assets, including property and real estate, combined with low skills in ability to make a living through work.

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