Love, David A.; Smith, Paul A.; McNair, Lucy C. - Federal Reserve Board (Board of Governors of the … - 2007
benefit pensions, life insurance, annuities, welfare payments, and future labor earnings. Abstracting from the uncertainty … annuitized value of comprehensive wealth and the ratio of comprehensive wealth to the actuarial present value of future poverty … poverty-line wealth of 3.56. About 12 percent of households, however, do not have sufficient wealth to finance consumption …