U.S. Markets open in 3 hrs 15 mins

Nobel winner Richard Thaler: ‘You have to worry about getting unlucky and living to 100’

Alessandra Malito
Nobel winner Richard Thaler: ‘You have to worry about getting unlucky and living to 100’

Living to 100 is a blessing, if you can afford it. Financial experts around the country say Americans need to save hundreds of thousands, if not millions, of dollars for retirement, but much less of that conversation revolves around spending down that money — or stretching it to meet your lifespan and beyond. “You have to worry about getting unlucky and living to 100,” said Richard Thaler, a Nobel Prize winner in economics, during a Brookings Institution event Thursday.