By 2054, there will be an estimated 422,000 Americans age 100 and older — more than four times the 101,000 in 2024, according to a Pew Research Center analysis of U.S. Census Bureau data.
What's more, the centenarian population has nearly tripled in the last three decades alone, according to Pew.
Among the best ways to hedge against outliving one's savings is by working longer, according to retirement experts.
That may be more necessary as employers have offloaded responsibility for retirement savings onto workers' shoulders, by shifting from pensions to 401(k)-type retirement plans.
"People need to be prepared to work longer," he said.
Persons:
Artur Debat, Pew . Irving Piken, Piken, Mark Rightmire, John Scott, Barry Glassman, Glassman, Pew's Scott, Scott
Organizations:
Pew Research, Census, Pew ., Woods Community, MediaNews, Orange, Getty, Finance, Wealth Services, Reference, Workers, Social Security, Security
Locations:
U.S, California