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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Elroy Jetson who wrote (17505)2/18/2004 3:44:31 PM
From: Wyätt GwyönRead Replies (3) of 306849
 
The Median amount of financial assets of American households aged 55 to 64 is $45,600.

i have a hard time believing this takes pensions into account. for example, i recently reviewed the financial holdings of a retired person. this person had less than $200,000 in stock holdings, but was receiving monthly pension benefits of $5500. at current low interest rates, $5500 per month would monetize to well over $1 million worth of, e.g., 10yr Treasurys. so one could take the perspective that the person's financial assets have a value of, e.g., $1.5 million, even though directly held assets totaled less than 200K.

so my question is, how are such benefits--especially Defined Benefit Pensions--accounted for in these median asset figures? Defined Benefit Pensions are probably much more prevalent among the older age groups.
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