A Quote by Steven Levitt

People who buy annuities, it turns out, live longer than people who don't, and not because the people who buy annuities are healthier to start with. The evidence suggests that an annuity's steady payout provides a little extra incentive to keep chugging along.

Steven Levitt

Quote Topics

Along Because Buy Evidence Extra Healthier Incentive Keep Little Live Longer Out People Provides Start Steady Than Turns

Quote Author

Steven Levitt
American - Economist
Born: May 29, 1967

You don't date an annuity, you marry it. An annuity isn't a mutual fund that you buy today and sell tomorrow. Nor is it a certificate of deposit, ready for any new use at maturity. When you buy an annuity, you are making (or ought to be making) a 15- or 20-year commitment, at least.

Jane Bryant Quinn

It turns out that people who are more socially connected to family, to friends, to community, are happier, they're physically healthier, and they live longer than people who are less well connected.

Robert J. Waldinger

It is almost always a bad idea to use a reverse mortgage to pay for a vacation or to buy a risky investment, like stocks or deferred annuities.

Charles Duhigg

Tis said that persons living on annuities Are longer lived than others.

Lord Byron

It's a tremendous way of getting people to buy more at lower cost to the producer. There's no question that that's an incentive to buy. Everybody loves a bargain.

Marion Nestle

It's important to know all those things, but part of our jobs is to move people along and to make people excited to buy music or buy clothes, and give them enjoyment, I think, too.

Paul Weller

It's my guess that something like 5% of GDP goes to money management and itsattendant friction. I define it broadly - annuities, incentive pay, all trading, etc. Nobody else has used figures that high, but that's my guess. Worst of all, the people doing this are among the best and the brightest. Hundreds and thousands of engineers, etc. are going into hedge funds and investment banking. That is not an intelligent allocation of the brainpower of the civilization.

Charlie Munger

I don't feel very comfortable defending my fashion except to say that people don't have to buy it. You do have to consume. You have to live. If you've got the money to be able to afford it, then it's really good to buy something from me, but don't buy too much.

Vivienne Westwood

The people that buy music might not be able to afford to buy music. It might not even be a situation where people don't want to buy your stuff. It might be a situation where they can't afford to buy it because food prices are too high. I can respect that.

Keith Sweat

Fifty years ago or a hundred years ago, generally, most people would buy a house the way you buy a car. When you buy a car, do you think, 'I better buy this year rather than next year because car prices might go up?'

Robert J. Shiller

I don't know a single collector or museum director who says: 'Oh, he's on a list, so I think I'll buy something of his.' The people who buy my art put a little more thought into it than that.

Olafur Eliasson

Nobody is going to come into Alabama to buy lottery tickets. The only people that are going to buy them here are those that live here, and that's just a certain percentage of people.

Robert J. Bentley

Up to now, economic development has always meant that people, instead of doing something, are enabled to buy it... Economic development has also meant that, after a time, people must buy the commodity because the conditions under which they could get along without it had disappeared from their physical, social, or cultural environment.

Ivan Illich

You might think people would buy clothes out of pity, but they won’t. People buy clothes because they want to be excited about themselves. ...it has to be great clothing that just happens to be goody-goody, too.

Katharine Hamnett

I've had people say to me, "Well, how do I start collecting artworks?" Well, you start by buying. Buy what you like, buy what you can afford - and I'm not just saying that because I'm a dealer. You can't be so paralyzed to where you keep saying, "I've got to learn more." The best way to learn is to go home and actually put something on the wall. Then you've got an investment. Then you're living with it. Then you're in the game.