Employees are hoping to make the most of their time after leaving the workforce. Being able to fund decades without income is a different matter.
According to a survey by Corebridge Financial, 54% of individuals hope to live until 100. Yet long lives equate to a sizable amount of savings needed to sustain an individual’s health, as well as their long-term living expenses. However, less than a quarter of people believe they have enough retirement savings to last as long as they need it, and 66% actually fear running out of money more than they fear dying.
