August 14, 2019
Retirees worldwide may run out of money 10 years before they die, report shows
The big fear for many when it comes to retirement – namely running out of money to sustain you when you’re no longer working – is predicted to be true for an increasing number of retirees. New economic research conducted across the world, from Asia to Europe, North America to Australia, shows funds in retirement savings accounts are not rising fast enough to cover even basic increases in life expectancy. For some, this means even if they’ve invested and fiscally planned properly, their own longevity will push them into living past how long their retirement savings will last.
“Unless more is done, older people will either need to get by on less or postpone retirement.”