Monday, December 15, 2008
Are Annuities a Victim of Negative Framing?
In the preface of his 1912 book, Old Age Dependency in the United States, the long-forgotten social scientist Lee W. Squier asks that perennial question: "Why do not working people purchase annuities—the simplest, surest and safest means of providing against want in old age?"
Almost a century later, academics and annuity marketers still haven't found a convincing answer. Many explanations have been floated, including the perceived illiquidity of annuities, and the public's habit of underestimating longevity. But none have settled the matter.
Are Annuities a Victim of Negative Framing?
Source: Financial-Planning.com
Almost a century later, academics and annuity marketers still haven't found a convincing answer. Many explanations have been floated, including the perceived illiquidity of annuities, and the public's habit of underestimating longevity. But none have settled the matter.
Are Annuities a Victim of Negative Framing?
Source: Financial-Planning.com
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