Will Declining Life Expectancy in the U.S. Affect Your Retirement Plan?
U.S. life expectancy is trending in the wrong direction for the first time in decades. According to data from the Center for Disease Control, in 2014 the average American was expected to live 78.9 years. In 2021, after several years of plateauing life expectancy, that figure dipped to 76.4 years, the sharpest 2-year decline in over 100 years. From a financial planning perspective, Keen Wealth still believes that folks need to prepare for a retirement that's going to last, potentially, decades. But this latest life expectancy data does raise some important issues about what we can do both individually and in our communities to turn these trends around so that we can all enjoy our golden years to the fullest.