One of the greatest retirement fears Americans face is outliving their savings and investments, according to a June study from the nonprofit Transamerica Center for Retirement Studies.
A new report published earlier this month by the senior living platform Seniorly highlights these concerns by finding that retirees in nearly every state are expected to fall short of enough income to cover their retirement costs.
The study found that in 41 U.S. states and in Washington, D.C., seniors do not have enough financial resources saved up for retirement. Retirees have an average life expectancy of 18.2 years at retirement age (65 years old) and are expected to bring in $762,000 across their