FINANCE UPDATES – Mar 2020 – Can you afford to live to 100?
Going back 30 or 40 years, retiring at the age of 65 and living off
of your state pension for the rest of your life was doable.
Mind you, life expectancy was much lower in the 1980s. For
example in 1988, the average male could expect to reach 72
while the typical female would make their 78th birthday.
Fast forward to 2018 and the Office for National Statistics (ONS)
said the average male lived for seven years longer than in 1988
and the typical female was around for five more years.
Finance Update – Can you afford to live to 100?