Average is no guide to how long we have left

By John Collett
Updated October 5 2014 - 10:18am, first published August 27 2014 - 12:15am
Light at the end of the tunnel? Living well beyond the average changes the goalposts for retirement planning.
Light at the end of the tunnel? Living well beyond the average changes the goalposts for retirement planning.

Call it the fallacies of averages, but most us get caught out by targeting the average of something as if it is applicable to ourselves.

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