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The Daily Money: Who wants to live to 100?
View Date:2024-12-23 17:12:01
Good morning! It's Daniel de Visé with your Daily Money.
No April Fool's jokes here: Just bad puns.
With all the aches and pains that attend old age, how many Americans would really want to live to 100?
A lot of us, it turns out.
More than half of Americans, 54%, say it is their goal to live to 100, according to a new report from Corebridge Financial, a financial services company.
Much of the rest of the 20-page report deals with what it costs to live for a century. And that, experts say, is where the numbers get scary.
Read the story.
Will healthcare costs deplete the Great Wealth Transfer?
No one would have guessed that, in retirement, Judi and David Koncak would be nearly out of money and unable to leave their kids much more than a pittance.
They’re both college graduates. They traveled, owned cars and a home, sent their two kids to college and saved for retirement.
But a stroke, surgeries, and prostate cancer sapped the couple's savings.
The Great Wealth Transfer from baby boomers to younger generations that researchers have predicted may not be so great after all, Medora Lee reports.
Read the story.
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📰 A great read 📰
And here's a recent story that resonated with readers: A greatest hit, if you will. Read it again. Read it for the first time. Share it with friends.
Sometime around age 50, the average American can now expect a household net worth exceeding $1 million.
Average household net worth now tops $500,000 for Americans in their late 30s. For late 40-somethings, it exceeds $750,000. For 50-somethings, it reaches seven figures.
How did so many 50-somethings become millionaires?
Find the answers here.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.
Daniel de Visé covers personal finance for USA Today.
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