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Many lack financial assets at death

About 57 percent of older people who live alone have less than $10,000 when they die, according to a recent study posted on the blog of the Financial Security Project at Boston College.

Much of the focus on retirement has been on how much Americans have accumulated as they enter retirement. But a team that included economists James Poterba at the Massachusetts Institute of Technology, Steven Venti at Dartmouth College, and David Wise at Harvard University looked at where retirees wind up financially.

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