Only one in three Americans correctly estimates how long a 65-year-old will live, according to the TIAA Institute's latest report.
Workers who expect shorter retirements save less and plan less diligently, increasing the risk of underfunded retirements and financial insecurity.
Men and younger generations are more likely to underestimate longevity, while women and baby boomers show greater accuracy, potentially due to proximity to healthcare and retirement planning decisions.
Why are men more likely than women to misjudge their own life expectancy?
Why is our health declining if we are expected to fund a 40-year retirement?
Americans fear outliving their money, so why do they keep planning for the wrong finish line?
Can AI solve the retirement crisis by supporting a shrinking, less healthy workforce?
If we live to 100, is the traditional 'Learn, Earn, Retire' model officially broken?
With healthcare costs soaring, how can anyone afford to be old and sick in America?