Retirements Are Lasting Longer. Here's Why That's Problematic for Today's Workers.
Rising life expectancies have led to a significant increase in the length of the average retirement, according to The Motley Fool's research on average retirement age. In 1970, the average man was retired for 12.8 years, while the average woman enjoyed 16.6 years of retirement.
As of 2020, the average man spent 18.6 years in retirement, while the average woman lived for 21.3 years after retiring. It sounds like a good thing, and for some it is. But these longer retirements also pose a potentially devastating problem.
Image source: Getty Images.
Source Fool.com