Census Bureau Starts Annuity Stream
By Allison Bell – ThinkAdvisor – June 2, 2017
Only 4.6% of U.S. households have annuities or trusts, but they had an average of $180,271 in annuity and trust assets each, and the median value of trust and annuity assets was $60,000 nationwide. The Census Bureau published those figures Thursday in the first batch of a major new stream of annuity, trust and cash-value life insurance data, comprised in two new columns added to the Survey of Income and Program Participation net worth table Excel spread sheets. In addition to giving information about annuity and trust assets, the newest net worth tables provide detailed information about many other types of household assets, including home equity, checking accounts, retirement accounts, educational savings accounts and cash-value life insurance.