1
The financial reent of those surveyed expected their retirement nest egg to be depleted before they reached 80. When including individuals with no retirement savings at all, the percentage of Americans who either have nothing saved or expect to run out of money before age 80 climbs to 47 percent
These results arrive at a time when financial advisors are already managing increasingly urgent discussions regarding longevity risk and the limitations of employer-sponsored retirement plans.
The nursing home math doesn’t add up
The most striking data point from the survey concerns long-term care. When asked to estimate the annual expense of a nursing home facility, respondents provided an average guess of $60,829, which is roughly 54 percent of the actual cost.
