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Asbestos Suits Affect Worker Wages, 401(k) Values: Study


Asbestos litigation has caused workers at bankrupt firms to lose $25,000 to $50,000 each in wages over the course of their careers and suffer a 25 percent reduction in the value of their 401(k) accounts, says a new study commissioned by the American Insurance Association in Washington.

Moreover, the study says, the losses suffered by workers will accelerate as the asbestos litigation crisis worsens.

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