August 2003
Journal of Financial Planning;Aug2003, Vol. 16 Issue 8, p19
Academic Journal
This section presents statistics on finance and various matters. 13.2 percent of people 65 or older are either working or looking for work in 2002, versus 11.9 percent in 1990. 51 percent of people age 65-70 consider themselves middle age or young. 24 percent of workers have stopped making 401(k) contributions. Seven in 10 persons reaching age 65 will suffer a disability or cognitive impairment. By 2010 employer contributions to health plans could constitute 16.5 percent of per-employee compensation, versus 7.3 percent today in 2003. 50.2 is the average test score of high school students on financial literacy tests in 2002, versus 57.3 percent in 1997. The median age of second-home buyers is 46.


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