These come from the Journal of Financial Planning:
28% of working people 55 or over have less than $10,000 in liquid savings or investments
90% of parents that give anything to their children, pay for major expenses such as credit cards or student loans
28% of retirees withdraw more than 10% annually from their savings
2009 is looking like a record year for Reverse Mortgages and these statistics help to show some of the many reasons why.
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