Many Americans hope to live to 100, but are their retirement plans up to the challenge?
May 30, 2024 by Ayo Mseka
More than half (54%) of Americans say it’s their goal to live to 100, according to a new study from Corebridge Financial and The Longevity Project.
Family, friends, and new experiences are seen as the top benefits of living a very long life, with 72% of respondents citing continued meaningful with family and friends and 65% looking for more time to explore and have new experiences.
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Wink’s Moore on the Market: Holy buckets!
More than half of people say their goal is to live to 100?!?
(Not me, btw.)
Thanks for the shocking reality, Corebridge Financial!
That said, 40% of survey participants still plan on retiring between the ages of 65-69.
(Sounds like they need annuities! That’s a long time to live in retirement!)
My favorite stat?
Two-thirds of Americans (66%) fear running out of money more than death! hashtagTruth
But this one is a good one too-
Only 24% of respondents think that their current retirement investments will provide them with retirement income that lasts more than 30 years, or as long as they need.
Also good-
Nearly three in four respondents (72%) say having a source of guaranteed monthly income beyond Social Security payments would make them feel more confident about having enough money to live comfortably throughout retirement.
For more great stats, check this one out. -sjm
