Financial resilience and longevity
What if living longer meant living better?
Where will better take youᵀᴹ
Our tenth annual survey of American workers reveals how different generations are juggling their finances while preparing for a longer retirement. Read our study to learn how you can support them on their journey.
Understanding the longevity challenge
Life expectancy in America is growing and workers need to fund their extra years of retirement.
U.S. life expectancy 1950 vs. 2024
On track with retirement savings
Bridging the gap between retirement dreams and reality
Many Americans feel they’re behind on saving, paying off debt, and understanding the basics of investing—which may be pushing their retirement goals out of reach. But with some insight from their recently retired counterparts, they may be able to improve their situation. To help you understand the challenges they face, we developed profiles for every generation, highlighting their barriers to financial resilience and their feelings about retirement.
Gen Z and millennials
Gen Z and millennials (ages 42 and younger)
They’re stressed out about finances and debt—worries that carry into the workplace.
Gen X
Gen X (ages 43 to 56)
Juggling kids, elderly parents, and finances leaves little time for retirement planning.
Baby boomers
Baby boomers (ages 57 and older)
While they have fewer financial worries and more investment knowledge, there may be room for more guidance.
Early retirees
Early retirees (retired sooner than expected)
While retiring early is an appealing goal for many, doing so can come with challenges.
Retirees
Retirees
Those who retired as planned or later had a plan in place for a financially comfortable retirement.
Get more insight to help American workers plan for an extended retirement and build financial resilience.
Planning for a retirement that could span decades is no small feat. Consider how making the right financial decisions today can help shape a brighter tomorrow.
Learn how longer lifespans can affect shortfall risk in retirement planning.
Important disclosures
John Hancock’s tenth annual financial resilience and longevity survey, John Hancock, Edelman Public Relations Worldwide Canada Inc. (Edelman), June 2024. This information is general in nature and is not intended to constitute legal or investment advice. Edelman and John Hancock are not affiliated, and neither is responsible for the liabilities of the other. This report presents the results of research conducted by Edelman on behalf of John Hancock. The objectives of this study were to (1) quantify the financial situation and level of financial stress of John Hancock plan participants and American retirees; (2) determine the key triggers of financial stress; (3) understand the extent to which actions, including actual financial behavior and planning activity, ameliorate stress; (4) assess longevity and retirement preparation and readiness; and (5) investigate custom insights around how retirees are faring in retirement. This was an online survey comprising of two participant samples: John Hancock plan participants and American retirees. The John Hancock plan participant sample comprised 2,623 John Hancock plan participants. The survey for this sample was conducted from 05/17/24 through 06/03/24, with an average survey length of approximately 18 minutes per respondent. Respondents were located from a list of eligible plan participants provided by John Hancock. The American retiree sample comprised of 525 retired Americans, sourced through Angus Reid’s research panel. The survey for this sample was conducted from 05/13/24 through 05/28/24, with an average survey length of approximately 12 minutes per respondent. All statistical testing is done at 0.95 significance levels. Percentages in the tables and charts may not total to 100 due to rounding and/or missing categories.
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