“Many U.S. retirees outlive their savings by more than a decade, report says,” by Lois A. Bowers, McKnight’s Senior Living

“Older adults in the United States have life expectancies of as many as 11 years past the number of years that their retirement savings could last, according to a new report by the World Economic Forum, ‘Investing In (and for) Our Future.’ … To close the savings gap, the new report says, individuals and policymakers must take steps to ensure that individual retirement investments can provide returns retirees won’t outlive.”

 

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

The reason so many people have not saved enough is that policymakers assured them with entitlement programs that are not going to be there when they need them that they didn’t need to worry about saving, investing or insuring privately. The reckoning for that “progressive” policy nears.