"Longevity Bonus" Brings Mixed FeedbackMay 16, 2017
- Many consumers report feeling skeptical yet optimistic about the “longevity bonus.”
- A majority of Gen-Xers and baby boomers see the increase in average life expectancies as both a blessing and a curse.
- Longevity encourages consumers to rethink their finances and how they're saving for what could be a long retirement.
The T. Rowe Price study was conducted online from December 15, 2016, to December 21, 2016, with a sample size of 2,001 Gen Xers and baby boomers with total investable assets of at least $50,000. Respondents were either retired or needed to have taken some steps (financially or logistically) to prepare for retirement.
- Learn more about saving and planning for retirement.