March 30, 2023
In the Media
In an article for Forbes, MIT AgeLab director Joseph Coughlin writes that some couples must prepare for a potential second retirement, as women may have more financial responsibilities if they outlive their partner.
According to the Centers for Disease Control and Prevention, forecasted life expectancy at birth for women in 2019 was 81.4 years compared to men who can look forward to 76.3 years. However, by age 65, women are likely to live nearly another 21 years compared to men who squeeze in a little more than an additional 18 years. Those averages assume that the woman and her mate are the same age.