happy people giving thumbs up sign Oddly, most respondents feel they are not financially better off than their parents were at their same age (56 percent), but they also feel that their life and career options are better than their parents’ were (61percent).(Photo: Shutterstock)

They don’t have savings and most couldn’t deal with a financial emergency of $500—but they plan to retire by the age of 60 and plan on living till age 80.

That’s why Varo Money describes them in its research as “curiously optimistic” about their futures, particularly since it’s anticipated that a couple retiring now at age 65 will need some $280,000 just for medical expenses over the course of their retirement.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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