Financial Perspectives on Aging and Retirement Across the Generations

Steven Siegel, ASA, MAAA

The Society of Actuaries’ (SOA) recently released the results of a study focused on probing the financial perspectives of Americans across five generations–Millennials, Gen X, Early Boomers, Late Boomers and the Silent Generation—on aging and retirement. This study launched the SOA’s new Aging and Retirement Strategic Research Program which encompasses the wide of range research the SOA conducts and sponsors in this area.

This new study sought to understand how the habits and behaviors from earlier in life played out in the later years of retirement. This session will present findings from the study including aspects focused on Millennials; a comparison of financial priorities; family obligations, and financial risk concerns. Material related to the Aging and Retirement Strategic Research Program will also be discussed.

Steven Siegel is a Senior Practice Research Actuary on staff at the Society of Actuaries. He manages a wide range of research focused on several actuarial practice areas.

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