As life expectancy increases, the potential to outlive financial resources becomes more pronounced, posing challenges in retirement planning and personal finance management. Understanding how longevity risk impacts financial well-being is essential for making informed decisions about saving, investing, and insuring against uncertainties.

Using the Longevity Visualizer from SSA.gov which uses life expectancy estimates for the general population in 2015 with projected advancements in medical technology, ... Addressing longevity risk requires a holistic approach. Financial planners must incorporate realistic life expectancy estimates, stress-test portfolios against various ...

The global population over the age of 60 is expected to double by 2050¹. Why does it matter? A longer life means a longer retirement—and with that, there are new financial risks that can have a major impact on retirement planning.You'll need to rethink strategies that recognize the new and challenging reality of longevity and consider the possibility of a shortfall in participants ...

The average life expectancy in the US has been consistently increasing since the late 1800s, particularly in the last century. According to the National Center for Health Statistics, the U.S. life expectancy at birth was 76.1 years in 2021, representing a steady rise from an average of 47.3 years in 1900.

Longevity risk is the financial risk of outliving one's expected lifespan, which can result in a shortfall of income or savings in retirement. It is important to understand longevity risk because people are living longer, and the risk of running out of money in retirement due to unexpected longevity is increasing.