Updated: Mar 6, 2022
“With more Americans living longer, many older people lack the resources to sustain themselves in terms of income, housing, health insurance, and long-term care. They’re at one end of the so-called “longevity risk” spectrum; at the other end are sponsors of retirement plans that now have to finance people for longer periods after they retire. These circumstances provide opportunities for public-private partnerships to create financial products that help offset, pool, or transfer the longevity risks to other market participants while helping aging Americans support themselves.”
Our research for the Wharton Pension Research Council, in collaboration with Jonathan Barry Forman of the University of Oklahoma, is discussed in this Wharton Magazine article.