Retirees are underestimating how long they will live

(The Hill) - A significant share of older Americans underestimate how long their retirement is going to last: i.e., how long they are going to live. Most people know that the average American lives to an age between 75 and 80. Less well-known, apparently, is that life expectancy rises with age. At age 60, an American man can expect to reach 82; a woman, 85. That knowledge is called longevity literacy, and many of us don’t have it. In a 2022 survey by the insurer TIAA, one-quarter