What Is Millennial Life Expectancy?
Millennials, born roughly between 1981 and 1996, are approaching or entering middle age. Global life expectancy at birth is around 73 years, but many health experts expect millennials to live longer than previous generations if current trends continue. Advances in medicine and public health support this outlook.
Why Life Expectancy Matters for Personal Finance
Longer lives mean more years of retirement savings needed. A longer horizon increases the risk of outliving your money. It also affects insurance needs, Social Security timing, and investment strategy. Planning for a 30- to 40-year retirement can help protect against longevity risk.
How Millennials Can Prepare
Start by estimating your personal life expectancy using online calculators and health factors. Increase retirement contributions, diversify investments, and consider guaranteed income options like annuities. Regularly review your plan, adjust for inflation, and maintain adequate health insurance coverage.
