Key Findings

  • More than eight in ten (87%) middle-income Americans age 55 and older do not spend much time thinking about longevity.

  • Longevity is not a topic of discussion for most middle-income Americans, with only half talking about it with a doctor (50%) or spouse (49%) and only one-fifth (21%) discussing life expectancy with a professional advisor.

Living longer has its rewards. Middle-income retirees say they are having experiences in retirement that they never imagined, such as travel and volunteering. However, longevity also comes with risk, the two primary concerns being declining health that is associated with age, and the ability to create a sustainable retirement income that may need to last 20 years or more.

With the release of its latest report, Bankers Life and Casualty Company Center for a Secure Retirement looks at longevity’s impact on the retirement experience of middle-income Americans and their view on the role Social Security plays as the cornerstone of retirement income.

Featured Charts & Data