Lifespans Are Up, but Retirement Savings Aren't. Will You Have Enough Saved?
Since 1840, average life expectancies have increased by around three months for every year that has passed. If this trend continues, infants born at the end of this century can expect to live an average of 100 years.
Living longer is great, except for one tiny problem: Longer lifespans mean longer retirements, and today's workers already struggle to save enough money to finance even a shorter retirement. Will you have enough retirement savings to provide for yourself if you live longer than you expect?
Actuaries live for calculating the average lifespans of people of different ages. Let's look at some of their predictions for how long people of different ages will live on average as of today.
Source: Fool.com
