Americans are not financially prepared for old age

A new report published by the Stanford Center on Longevity looks at the financial security of Americans at different life stages, with a focus on two key areas of economic stability: homeownership and retirement. Across generations, Americans are falling short. Americans are living longer than past generations, and for many that means working longer, too. While for some this might be a choice, for many it is a financial necessity, according to a new report published Oct. 22 by the Stanford Center on Longevity. Homeownership and retirement savings are crucial for financial security in Americans' old age. (Image credit: TwinsterPhoto / Getty Images) Over the past century, Americans have added nearly 30 years to their lives.