NEW YORK (PNN) - August 29, 2012 - If a newly release report is any indication, most children shouldn't expect a big inheritance from their parents. A new working paper from the National Bureau of Economic Research finds that 46% of Amerikans die with less than $10,000 in financial assets.

The study, which tracked senior citizens from 1993-2008, grouped seniors by their marital status to examine the differences between these categories:

• Always single
• Married at the start of retirement, but single by death
• Married until death

Single seniors were most likely to have low incomes and limited assets. The study found 52% of individuals in this category lived on less than $20,000 annually and died with less than $10,000 in financial assets.

Seniors who were married at the time of retirement but outlived their spouses fared better, with only 36% falling below those income and asset levels. Individuals who were still married at death seemed to be the most financially secure, with only 26% living below those levels.

In addition, single individuals had significantly lower annual wealth than those who were married. According to the research, unmarried seniors had a median annual wealth of $165,000. That figure included both current and future Social Security income as well as pensions, home equity and financial assets such as CDs, money market accounts and savings accounts.

Individuals who were married at death again fared better, with a median annual wealth of $600,000.

The study also discovered that those who had greater wealth in 1993 tended to live longer lives. This finding held true across a variety of assets. Those whose homes were worth more, had larger retirement incomes and had more money in their savings accounts consistently outlived those with less income and assets.

The reason for the correlation between health and wealth is not completely understood, but the study authors say their findings underscore patterns previously detected in other research.

Author James Poterba of MIT says the issue of wealth and senior citizens merits further research and discussion. He believes additional studies may help identify mechanisms to help seniors who find themselves struggling financially late in life.

In the meantime, working adults may be well-advised to revisit their savings rates and determine whether additional money could be placed in money market accounts, IRAs, or retirement funds to help them better prepare for their golden years.

Ed. Note: Or if they are real smart, they will put all their financial resources into gold and silver, and stop playing the bankster game of debt.