Current:Home > NewsThe Daily Money: Who wants to live to 100? -Summit Capital Strategies
The Daily Money: Who wants to live to 100?
View
Date:2025-04-14 16:02:31
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.
📰 More stories you shouldn't miss 📰
- Will California's $20 minimum wage mean higher Happy Meal prices?
- Should you bet your 401(k) on Truth Social stock?
- Has tipping reached a tipping point?
- Best CD rates for April
📰 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.
veryGood! (95)
Related
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- The Grammy nominee you need to hear: Esperanza Spalding
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Intellectuals vs. The Internet
- This was the average Social Security benefit in 2004, and here's what it is now
- Arkansas State Police probe death of woman found after officer
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- At site of suspected mass killings, Syrians recall horrors, hope for answers
Ranking
- Global Warming Set the Stage for Los Angeles Fires
- Former Syrian official arrested in California who oversaw prison charged with torture
- Could your smelly farts help science?
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Trump invites nearly all federal workers to quit now, get paid through September
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- 2 killed, 3 injured in shooting at makeshift club in Houston
Recommendation
Buckingham Palace staff under investigation for 'bar brawl'
2025 'Doomsday Clock': This is how close we are to self
Don't let hackers fool you with a 'scam
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
A White House order claims to end 'censorship.' What does that mean?
2 killed, 3 injured in shooting at makeshift club in Houston
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes