Retirees in 41 States Face Savings Shortfalls as Longevity Grows

A CareScout analysis finds 41 states, plus DC, put retirees at risk of outliving their savings as life expectancy rises and costs climb, with the average 65-year-old facing about a $109,000 shortfall between anticipated income (Social Security and savings) and expenses. The worst gaps appear in New York, DC, California and Alaska, while nine states show a surplus, led by Washington. The report urges earlier and larger retirement saving, better longevity planning, and delaying Social Security to age 70, noting many seniors don’t use professional retirement planners.