Americans are Living Longer but Misunderstanding Old Age Costs

A new study from MIT AgeLab and John Hancock warns that America’s senior population will grow by 40% in the next 25 years, highlighting widespread unpreparedness for aging, particularly in areas like care and health management. The inaugural Longevity Preparedness Index found average scores of 60 out of 100, emphasizing the need for proactive discussions and planning beyond financial savings.

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