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Many people are not very happy about the prospect of living to be 100 years old. They are afraid that they simply will not have enough money for this.
“It's great to follow your dreams, but you need to have enough money to do that,” the survey participants said.
The average life expectancy of people is constantly growing. Is this not a reason not to be happy? There are more opportunities to realize all your dreams. But, as it turned out, the prospect of living to be 100 years old pleases not everyone. The reason for everything is the financial aspect.
Allianz, an international insurer, surveyed 3,000 American adults between the ages of 20 and 70 to find out how they feel about longevity. 70% of the respondents feel that they are not financially ready to live for more than a hundred years. On the one hand, according to the respondents, a long life will give them the opportunity to achieve their goals and make their dreams come true. But the fear of living protracted old age in poverty prevents many from making long-term plans.
Representatives of generations X and Y, that is, those born in the last 50 years, still have a lot of time to realize their goals. However, most of them (79% of those born in the 60s and 70s and 74% of those born after 1981) already declare their unwillingness to become centenarians. The same position is held by 57% of the baby boomer generation (born in 1943-1963).
However, people know what they need to do in order to live to 100 years old without problems. More than half of the respondents believe that they need to spend money more efficiently and save savings. And 37% are confident that they will have to work longer and later retire.
The survey participants were also asked to complete the phrase: “It's great to follow your dreams, but this requires…”. 57% answered “have enough money”, and in 50% of cases the answer was “have a good financial plan”.
The respondents were also asked what they regret. 52% said they would like to save more money, 38% would like to travel more and 32% would like to spend more time with their children.
“It's great to follow your dreams, but you need to have enough money to do that,” the survey participants said.
The average life expectancy of people is constantly growing. Is this not a reason not to be happy? There are more opportunities to realize all your dreams. But, as it turned out, the prospect of living to be 100 years old pleases not everyone. The reason for everything is the financial aspect.
Allianz, an international insurer, surveyed 3,000 American adults between the ages of 20 and 70 to find out how they feel about longevity. 70% of the respondents feel that they are not financially ready to live for more than a hundred years. On the one hand, according to the respondents, a long life will give them the opportunity to achieve their goals and make their dreams come true. But the fear of living protracted old age in poverty prevents many from making long-term plans.
Representatives of generations X and Y, that is, those born in the last 50 years, still have a lot of time to realize their goals. However, most of them (79% of those born in the 60s and 70s and 74% of those born after 1981) already declare their unwillingness to become centenarians. The same position is held by 57% of the baby boomer generation (born in 1943-1963).
However, people know what they need to do in order to live to 100 years old without problems. More than half of the respondents believe that they need to spend money more efficiently and save savings. And 37% are confident that they will have to work longer and later retire.
The survey participants were also asked to complete the phrase: “It's great to follow your dreams, but this requires…”. 57% answered “have enough money”, and in 50% of cases the answer was “have a good financial plan”.
The respondents were also asked what they regret. 52% said they would like to save more money, 38% would like to travel more and 32% would like to spend more time with their children.
