• TRM (USD/COP)COP 3,297.07 +0.83% +COP 27.19Colombia's official exchange rate (Financial Superintendence), valid Nov 11 to Nov 12
  • EuroCOP 3,668.67 +0.05% +COP 1.82Reference: TRM crossed with the European Central Bank rate of Nov 11; not the market quote
  • Mexican pesoCOP 176.70 +0.26% +COP 0.46Reference: TRM crossed with the European Central Bank rate of Nov 11; not the market quote

Survey: Americans want to live to 88 but can only afford to live to 83

FinanceInternationalUSA TodayAI summary
Image: USA Today

A survey of 1,000 adults in September by life insurance platform Ethos found that Americans hope to live to age 88 but believe they can only fund their lives until 83. 47% said they would have no retirement money left before turning 80. Nursing home care is the cost that worries them most and the most underestimated: respondents estimated it at $60,829 a year, against a national average of $112,420 for a semi-private room.

In 35 seconds

  • Respondents want to live to 88 but estimate their money will last until 83.
  • 47% of those surveyed said they would have no retirement savings before age 80.
  • Nursing home care is the top concern (37%) and is underestimated by half: $60,829 estimated versus $112,420 actual per year.
Read the full story at USA Today

IASummary generated by artificial intelligence from a story by USA Today. It may contain errors: the original source prevails.

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

    Keep reading