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Jun 02

Almost half of Americans die broke in response to government policies

Years of government policies which punish saving, investing and working have taken their toll.

USA Today reports that 69% of adults have less than $1,000 in the bank, and 34% said they actually don’t have any savings at all.

And a study by the National Bureau of Economic Research found that almost half of Americans die nearly broke. That number climbs to 57% among retirees who are single.

Only 37% of seniors 65 and older claimed to have $1,000 or more in the bank. See here.