How much longer do you think you have left?
New research shows older Australians are living five years longer than they think they will – with implications for both their finances and their bucket list.
The research, from pension provider Challenger, shows older people thought an average 65-year-old Australian would live to 83.2 years when the average life expectancy is in fact 88 years.
Today, we are typically living well into our late 80s – 10 years longer than in the 1990s – and the most common age of death is 88 – while 20 years earlier, it was 78 – the study found.
Granted, it’s a reminder for some extra financial planning to make sure you can kick up your heels comfortably when the day comes – but this could also be news to give you a new lease on life.
