Retirement & Financial Planning Report

With increasing longevity comes increasing risk of debilitating health conditions in retirement, according to the Sloan Center on Aging and Work.

Poor health is a major reason why many people retire earlier than they had planned, and can be a major financial drain after retirement even for those with health insurance coverage—especially given how long an individual might live with the condition.


A report said that someone age 65 today, for example, on average will live almost 19 more years, which is four years longer than was true of someone the same age in 1960. The life expectancy of people who survive to age 85 today is 6.8 years for women and 5.7 years for men.

Older persons generally rate their health as better than those surveyed even as little as 10 years ago. Death rates due to heart disease and stroke have declined by about half since 1981 for those aged 65 and older. However, death rates due to diabetes have risen by about a third and rates for chronic lower respiratory diseases have increase by half.

“Higher proportions of older adults are obese. Adults aged 50 plus self-report high rates of hypertension and high cholesterol, as well as other chronic conditions,” it said. “Chronic diseases such as heart disease, stroke, cancer, and diabetes are among the most common conditions affecting older adults.”