Tag: mortality
![Loving Retired Couple Holding Hands As They Walk Along Shoreline On Winter Beach Vacation](https://crr.bc.edu/wp-content/uploads/2023/11/Loving-Retired-Couple-Holding-Hands-As-They-Walk-Along-Shoreline-On-Winter-Beach-Vacation-1536x1024.jpg)
The report’s key findings are: As life expectancy at 65 rises, outliving one’s resources poses a growing challenge. This study explores how people perceive their life expectancy, options for handling longevity risk, and why few insure against it. A survey of investors with over $100,000 in financial assets sheds new light on this topic: About half…
![person's hand putting coin into piggy bank next to decreasing sized coin stacks](https://crr.bc.edu/wp-content/uploads/2023/11/persons-hand-putting-coin-into-piggy-bank-next-to-decreasing-sized-coin-stacks.png)
A longstanding puzzle in the economics of insurance, household finance, and public policy is why so few individuals annuitize their wealth. This paper describes results from a recent survey of people with investable assets over $100,000 that included a randomized control trial module eliciting individuals’ valuations for a simple immediate annuity, as well as whether…