Now in our mid-50s, my high school graduating class has probably buried about 10% of our cohorts already. The other year, a group of us counted I think it was 9 we lost to drug overdoses alone.
It was just yesterday saying to the guy at the license bureau how I find myself already burying so many people I know including those I grew up with and he was surprised and without looking at my license asked me my age. When I told him I'm 50s he couldn't seem to understand why my friends would be dying.
So I said, well, if the average longevity is about 75, then from 55 to 95 people are dying. It's stunning to me how many I've already lost. Now I did run with a fast crowd, many lived hard and died too soon. But even others, whether by bad genes or accidents, whatever, they died too.
So I found this quote in the article very interesting:
"Deaths before age 50 accounted for about two-thirds of the difference in life expectancy between males in the United States and their counterparts in 16 other developed countries....Americans also had the lowest probability over all of surviving to the age of 50."
Because wouldn't that then bring up the average longevity of those of us who survive our 50s. And doesn't that then have implications for how we structure our lives. What happens if you live past 75, the so-called average longevity, and run out of money? Or not even that: if you have the money and then live until 95. Yer gonna do nothing for those 20 years? How many trips to Spain can you take?
So many have this notion that they're supposed to stop working at 65. But there could be another 30 years after that. My father hasn't worked in 20something years and he doesn't seem very happy to me.
I just looked up IRS's longevity calculator. For anyone who survives 50, they don't project the so-called average of 75. They project 84. And if you make it to 75, they project you'll live to 88. Even if you make it to 90, ya still got another 5 years. That's a long time to not have died by 50. Plan accordingly.