Middle-aged women who are not yet retired are more likely and less likely than other older consumers to know about how long individuals like themselves can expect to live.
Researchers at the Society of Actuaries, Schaumburg, Ill., have included that finding in an analysis of results from a 2005 retirement survey.
The SOA members developed the analysis to study the effects of retirement risk on women.
Researchers commissioned a survey of 300 retirees and 300 “pre-retirees” ages 45 to 80.
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About 22% of the female pre-retirees gave researchers accurate estimates of the life expectancy of individuals of their own age and sex, SOA researchers write in a summary of the survey results.
The female pre-retirees did much better in estimating their life expectancy than members of the other groups surveyed. Only 4% of the participants in the group that provided the next best estimates, male retirees, gave answers that were on target, the researchers report.