EXPERIENCES OF RETIREES AGE 85 AND OVER

The Society of Actuaries conducted a series of three studies to help understand the real situation of middle income Americans and Canadians age 85 and over. The studies are in-depth interviews with individuals and their children, a telephone survey of individuals, and an online survey of children fa...

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Bibliographic Details
Published in:Innovation in aging 2018-11, Vol.2 (suppl_1), p.870-870
Main Author: Bogosian, C
Format: Article
Language:English
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Summary:The Society of Actuaries conducted a series of three studies to help understand the real situation of middle income Americans and Canadians age 85 and over. The studies are in-depth interviews with individuals and their children, a telephone survey of individuals, and an online survey of children familiar with the situation of parents age 85 and over. The studies provide insights into how people manage over the entire period of retirement. Findings include understanding the finances and needs of retirees, the kind of help they receive from family, their needs for care and support, and decisions they make around housing. The research includes data on why people changed their housing in retirement and insights on late life changes in spending. Included will be a discussion on what these findings mean for retirement planning and what the issues are that people at younger ages are forgetting or not dealing with well.
ISSN:2399-5300
2399-5300
DOI:10.1093/geroni/igy023.3249