June 2005
Journal of Financial Planning;Jun2005, Vol. 18 Issue 6, p20
Academic Journal
This section presents statistics of various interest in the U.S. financial planning industry. A Pennsylvania man won $16.2 million in a lottery in 1988, who now lives entirely on Social Security. There are 37 percent single woman who are more likely to be donors than single men. 60 percent of women say they are saving less due to rising health care costs. There are 37 multiple increases in the number of instances of missing money from 401 (k) plans between 1995 and 2004. There is a 146 percent increase since 1985 in the number of American workers age 75 or older. One out of every 72.8 U.S. households that filed for bankruptcy protection from March 2003 to March 2004. 23 percent of assets 401 (k) plan participants have invested in employer's stock at large corporations. There are 55 percent of U.S. workers who hire a professional to do their taxes. And there are 23 percent of taxpayers who believe 401 (k) distributions are tax free.


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