Two groups have teamed up to study a growing, vulnerable group of people: "solo agers," or people ages 50 and older who are single, who live alone, and who have no adult children or adult grandchildren around to help them.
The Society of Actuaries Research Institute and the Women's Institute for a Secure Retirement commissioned a survey of 250 U.S. consumers who agreed that they fit the survey organizers' definition of "solo ager."
The average age of the participants was 67, and they were relatively affluent, with an average household income of $92,000,
The SOA-WISER team's report includes data on everything from solo agers' use of technology to their housing arrangements.
One chart provides data on something advisors might have an especially easy time influencing: The kinds of commonly recommended arrangements that solo agers have made to prepare themselves for the possibility of decline in old age.
For a look at how many participants have, or have not, taken seven of the steps included in the chart, see the gallery accompanying this article.
Credit: Malambo/PeopleImages/Adobe Stock
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