They also are more likely to involve their spouse or significant other in conversations with their financial professional. In fact, 90% of adults report that they involve their spouse or significant other in conversations with their financial professional, the survey showed.
In a statement, Kevin Hogan, CEO of AIG Life & Retirement, noted that Americans want to age with grace and maintain independence for as long as possible. “But with 10,000 Americans turning 65 every day, the number of people living with Alzheimer’s and dementia is reaching unprecedented highs—leaving many vulnerable to manipulation and deceit. Longer lives and longer retirements often require a collaborative effort to help seniors protect themselves and ensure their savings can last a lifetime,” he said.