Retirement Savings

"Longevity Bonus" Brings Mixed Feedback

July 5, 2018
When we surveyed investors about the potential of living another 30 years after reaching age 65, they responded with a range of emotions.

Key Points

  • Many consumers report feeling skeptical yet optimistic about the "longevity bonus."
  • A majority of Gen-Xers and baby boomers see the increase in average life expectancies as both a blessing and a curse.
  • Longevity encourages consumers to rethink their finances and how they're saving for what could be a long retirement.

The T. Rowe Price study was conducted online from December 15, 2016, to December 21, 2016, with a sample size of 2,001 Gen Xers and baby boomers with total investable assets of at least $50,000. Respondents were either retired or needed to have taken some steps (financially or logistically) to prepare for retirement.