Retirees risk running out of money in later life as 78% underestimate how long they are likely to live

Retirees risk running out of money in later life as 78% underestimate how long they are likely to live

More than three quarters of over 50s underestimate how long they are likely to live, putting themselves at risk of running out of money during retirement, a new study has claimed.

Both men and women surveyed expected to live until around 82 years old on average, although analysis of official statistics show life expectancy is higher than that.

The average 50-64 year old man will likely live until 88, while the average 50-64 year old woman is expected to live until 90, analysis by Retirement Advantage shows. Longer lives: But both men and women underestimate how long they are likely to […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.