Ninety-three percent of Americans say they have a favorable view of living 30 extra years, according to The Gift of Time, a new study from the Alliance Life Insurance Company of North America. Researchers say 30 extra years is the average increase in life expectancy in the last 100 years in the U.S.
The Gift of Time study was conducted by online survey in March 2016 with 3,000 adults, including 1,000 Baby Boomers (ages 52-70), 1,000 Gen Xers (ages 37-51) and 1,000 Millennials (ages 20-36). It shows how longevity is causing Americans to rethink their major life choices, the paths they may take and alternative possibilities for their future.
For many respondents, having more time means creating more experiences. Starting a new business was a goal of 29 percent of respondents, starting a second career they truly enjoy was mentioned by 21percent and another 19 percent dream of more volunteering. Nearly half of respondents feel a longer life can enable a totally different view of how and when major life choices are made.
The survey also finds that 93 percent of respondents agree that people will need be more thoughtful about how they plan for longer lives.
We’ve created an Aging Readiness Checklist to guide preparations to face aging well. Please take a look. You will find some useful information to help you plan today.