Americans are completely unprepared to live into their 70s, 80s or 90s, according to a new study by Northwestern Mutual. The "Longevity & Preparedness Study" asked people, based on their current financial plan, how prepared they feel to live to age 75, 85 and 95.
Findings revealed that only slightly more than half of Americans surveyed feel financially prepared to live to age 75. Less than half, 46 percent, feel financially prepared to live to age 85 and 36 percent feel prepared to live to age 95.
According to the Centers for Disease Control, average life expectancy in the U.S. has increased to 78.2 years (75.7 for men and 80.6 for women). For couples in their 60s, there is a 50 eprcent chance that one partner will live to the age of 94, and one out of 10 couples will have a partner that lives to be 100 or older, the report found.
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