Rantings and tirades of a frustrated economist.
What I find interesting is that the states where retirees are MORE likely to outlive their nest egg are all solidly Republican states: Wyoming, South Dakota, etc. On the flip side, the states named where they're LESS likely to outlive their savings are more mixed and even a bit liberal (except, of course, for Utah). New York?! Rhode-stinkin'-ISLAND?! These are not bastions of conservatism, Captain!There have to be some other factors at play here. Lower income leading to less savings in the offending states? Too much time on their hands to spend at casinos? Longer life expectancy out in South Dakota? I dunno what, but there HAS to be more to this than meets the eye...
Georgia has mandatory economics with a personal finance component in high school.It is hard reaching those who bear virtually zero cost of their poor decision making.
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