While the fact that Baby Boomers are living longer is a triumph of modern medicine and better living conditions, it’s creating retirement challenges. According to Business Insider, living longer means Boomers now either have to work longer to support themselves or have to worry about outliving their savings. Unfortunately, working longer is not an option for many. The job market is in the middle of a transition period in which many roles are being automated, especially in manufacturing firms. For those who lose their jobs at an older age, it is not always easy to learn new skills or return to school. Physically demanding jobs, meanwhile, are often difficult for older workers, even if those jobs are not going away. And so, people who plan to retire in their mid-60s to early 70s need to have to have enough money saved up for another decade or two. The longevity problem is an underappreciated contributor to Americans’ financial anxieties right now, he added. Not only are people having trouble finding jobs as the economy changes, but they also don’t have retirement security to support their futures.