News Report | July 8, 2019
U.S. Older Adults Outlive Their Retirement Savings By An Average Of 9.7 Years
Adults aged 65 and older in the U.S. outlive their retirement savings (known as the "retirement savings gap") by an average of 9.7 years. Women outlive their retirement savings by an average of 10.9 years, while men outlive their retirement savings by an average of 8.3 years.
These findings were reported in "Investing in (and for) Our Future" by the World Economic Forum (WEF). Researchers for WEF modeled investment outcomes for six countries: Australia, Canada, Japan, the Netherlands, the United Kingdom (U.K.) and the U.S. Assumptions for expected return, volatility, and correlations of asset . . .