Life Expectancy

Search Dictionary

Definition of 'Life Expectancy'

Life expectancy is a statistical measure of the average time an individual is expected to live. It is calculated by adding the age-specific death rates for each age group to arrive at a single number. Life expectancy is often used as a measure of the overall health of a population and can be used to compare different populations.

Life expectancy has increased significantly over the past century. In 1900, the average life expectancy in the United States was 47 years. By 2019, it had increased to 78 years. This increase is due to a number of factors, including improved sanitation, nutrition, and medical care.

Life expectancy is not the same for everyone. It varies depending on a number of factors, including gender, race, socioeconomic status, and geographic location. For example, women in the United States have a higher life expectancy than men. White people have a higher life expectancy than black people. People with higher incomes have a higher life expectancy than people with lower incomes. And people who live in urban areas have a higher life expectancy than people who live in rural areas.

Life expectancy is an important factor to consider when making financial plans. For example, if you want to retire at a certain age, you need to make sure that you have enough money to support yourself for the rest of your life. If you expect to live a long life, you will need to save more money than if you expect to die young.

Life expectancy is also a factor to consider when making investment decisions. For example, if you are investing for retirement, you may want to choose investments that are more likely to provide a steady stream of income over a long period of time.

Life expectancy is a complex and ever-changing statistic. It is important to be aware of the factors that affect life expectancy and how they can impact your financial plans.

Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.

Is this definition wrong? Let us know by posting to the forum and we will correct it.