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Parents' Longevity Sways Participants' Retirement Intentions
Center for Retirement Research at Boston College Link to more items from this source
Jan. 16, 2014
"Men, for example, think they have about a 7 out of 10 chance, on average, of living to age 75 -- based on their parents' experience -- and so they make their plans to retire at 64. But men who think that they have half those odds of making it to 75 will plan to retire about four months earlier than their peers. Subjective life expectancy also influences women's plans, and the magnitude of the impact is similar to men.... It could be a mistake, however, to assume we'll be like our parents. Life expectancy has risen rapidly in recent decades, so people are living much longer."

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