Why 401(k)s won’t offer longevity annuities anytime soon

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Longevity risk – that is, the risk of outliving your retirement savings – is among retirees’ biggest worries these days. The Obama administration is trying to nudge employers to add a special type of annuity to their investment menus that addresses that risk. But here’s the response they’re likely to get: “Meh.” The U.S. Treasury […]

How an aging population could be tonic for the economy

Paul Irving, president of the Milken Institute

Economists worry about something called the economic dependency ratio – the number of people over age 65 to 100 working age people. The U.S. Census Bureau projects that the ratio will jump sharply in the years ahead as the population gets grayer – from 22 in 2010 to 35 in 2030. The total dependency ratio, […]

How scary is an older America? Americans aren’t sweating it

Ted Fishman

America is aging, and it’s supposed to be a big downer. Pensions are crushing government budgets, Social Security is in trouble and Medicare costs are going through the roof. But someone must be putting Prozac in our water supply, because we don’t seem to be fretting. A recent Pew Research Center study of attitudes about […]

Debunking myths about America’s longevity gains

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Americans are living longer. We hear that claim often from politicians worried about entitlement spending, policymakers urging us to postpone retirement – even insurance companies pitching annuities. And it’s true: Average life expectancy in the United States rose by almost eight years from 1978 to 2011, to 78.7 years, according to a new report by […]