Most Americans don't understand this key metric when planning for retirement

Only 35% of Americans know the average lifespan of retirees, and just 12% understand key aspects of longevity, highlighting the need for better retirement planning based on life expectancy.

yahoo.com

Relevant topic timeline:

8/21/2023

Americans Are More Afraid Of Going Broke Than Dying — Reports Indicate Financial Insecurity Is Becoming A Harsh Reality

A recent survey conducted by Allianz reveals that 61% of Americans are more afraid of depleting their savings during retirement than dying, highlighting the concern over outliving one's financial means in old age.

9/13/2023

Retirement Now Seen as a Miracle for Many Due to Inflation and Lower Life Expectancy

Almost half of Americans believe that achieving retirement security is impossible, with inflation being the top concern, according to a survey by Natixis Investment Managers, although the US has improved its overall score for retirement security.

9/17/2023

Long-Term Care Costs Are Rising, But Few Can Afford Insurance for Aging Americans

As the average population ages, a majority of older Americans are reaching retirement with limited options for affordable long-term care, as costs continue to rise and long-term care insurance remains uncommon.