America's population of seniors is expected to surge by 40% over the next 25 years — a shift that could spark a crisis of aging, as most people remain unprepared for longer lives, according to new research from the MIT AgeLab and insurance company John Hancock.
Americans are lagging in readiness to handle the demands of greater longevity, ranging from managing the cost of a longer retirement to maintaining their health in old age, according to the inaugural Longevity Preparedness Index, or LPI, from the MIT AgeLab, a research institute focusing on improving the quality of life for older people, and John Hancock.
The problem goes well beyond saving for retirement — another area where Americans are known to fall short — and touches nearly every aspect of aging, from building community