Longevity Illustrator: Find Out How Long You Might Live

Link: https://www.kiplinger.com/retirement/longevity-illustrator-find-out-how-long-you-might-live

Excerpt:

When planning for retirement, it’s important to consider all the risks, and one consideration that individuals often overlook is “longevity risk.” Longevity risk refers to the chance a person could outlive their savings. Understanding longevity and reasonably estimating the probabilities of living to various advanced ages and the risk of outliving resources are important for planning a secure retirement.

As a result of healthy lifestyles, medical advancements and scientific discoveries, it has become much more common for people these days to live into their 80s and 90s — or even their 100s! In fact, Pew Research Center writes that, according to estimates by the U.S. Census Bureau, there are about 101,000 centenarians in the U.S. in 2024, and this population could quadruple to about 422,000 in 2054.

While a long life is something most people desire, it requires planning for a longer retirement than in the past. For example, if a worker retires at 67, planning for a 20-year retirement may not be enough, and if they live to be in their 90s, or even past 100, they could outlive their savings or end up with fewer assets to leave their heirs.

Author(s):  Lisa A. Schilling, FSA, EA, FCA, MAAA

Publication Date: 22 Sept 2024

Publication Site: Kiplinger Personal Finance

Women now outnumber men in the U.S. college-educated labor force

Link: https://www.pewresearch.org/fact-tank/2022/09/26/women-now-outnumber-men-in-the-u-s-college-educated-labor-force/

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Excerpt:

In the second quarter of 2022, the labor force participation rate for college-educated women was 69.6%, the same as in the second quarter of 2019. In contrast, men and most other educational groups now have lower rates of labor force participation than they did in the second quarter of 2019.

This shift in the college-educated labor force – as women now comprise a majority – comes around four decades after women surpassed men in the number of Americans earning a bachelor’s degree each year.

Author(s): Richard Fry

Publication Date: 26 Sept 2022

Publication Site: Pew Research Center

What the data says about gun deaths in the U.S.

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Excerpt:

Though they tend to get less attention than gun-related murders, suicides have long accounted for the majority of U.S. gun deaths. In 2017, six-in-ten gun-related deaths in the U.S. were suicides (23,854), while 37% were murders (14,542), according to the CDC. The remainder were unintentional (486), involved law enforcement (553) or had undetermined circumstances (338).

Author(s): JOHN GRAMLICH

Publication Date: 16 August 2019

Publication Site: Pew

Where Americans Are Moving — and Why They Really Are Doing It

Link: https://www.governing.com/assessments/Where-Americans-Are-Moving-and-Why-They-Really-Are-Doing-It.html

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Excerpt:

Recent research also tells us something about just who the urban emigrants have been. They haven’t been middle-aged people with families. For the most part, they haven’t had middle-class incomes. They have been young people, unattached and economically stressed. Among Americans age 18-29, Pew reported, 11 percent said they had moved in 2020 for virus-related reasons. Within the low-income population cohort, the figure was 9 percent — roughly twice as high as the overall U.S. number.

But even these figures are misleading. Very few of these movers were uprooting themselves and striking out for new locales. Many of them were college students whose campuses had closed down due to virus concerns and who were moving back in with their parents on a temporary basis. In June, a full 61 percent of those who had relocated for pandemic reasons had moved in with one or more family members. In November, the number was 42 percent.

Author(s): ALAN EHRENHALT, SENIOR EDITOR

Publication Date: 10 March 2021

Publication Site: Governing

As Pandemic Continues, More in U.S. and Europe Feel Major Impact on Their Lives

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Excerpt:

The novel coronavirus continues to pose weighty challenges for people around the world. Significant shares of the public in the United States, France, Germany and the United Kingdom say their lives have changed because of the outbreak, according to a new Pew Research Center survey conducted as vaccines were first being approved for conditional use in the UK and U.S. and  restrictions tightened in parts of Europe. And the shares who feel this way have grown notably since summer, when the Center reported already-high levels of impact in people’s lives. 

At the same time, as coronavirus case counts soar in each of these four nations, publics are largely split on whether their country has done a good job handling the outbreak. Ideology plays a role in people’s assessments of their national coronavirus response, but this rings especially true in the U.S. and UK, where those on the political left are more critical. Those who feel better about their nation’s economic situation are more likely to give positive reviews of how the virus has been handled thus far. 

Author(s): KAT DEVLIN AND NICHOLAS KENT

Publication Date: 3 February 2021

Publication Site: Pew Research Center