Encore
The gap between the desire for annuities and actual holdings likely due to logistical barriers
Most people think it’s valuable to own a financial product that gives guaranteed income. Getty Images This feature is powered by text-to-speech technology. Want to see it on more articles? Give your feedback below or email audiofeedback@marketwatch.com .My colleagues, Karolos Arapakis and Gal Wettstein , have just published a really interesting paper on the “annuity puzzle.” That is, while economic models predict that many people would be better off with annuities, only a small portion of retirees actually hold an annuity.Economists […]
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