My clients have weird things in common. I've worked with single people and with families, with pre-kindergarten kids and retirees, with bachelors and parents, PhDs and people with various mental health conditions. What they all tend to have in common are the tendency to put fruit stickers on their fridge, collections of old magazines, scattered coins... and the belief that they will die prematurely. They all think that. (Well, except the little kids). They're pessimists, and they think that dying young is the saddest thing that can happen to them. The real pessimism, though, is that they'll live to a ripe old age and that they will outlive their savings.
How long are you going to live?
No, I'm serious. What's your best guess as to the age you will be when you die? You knew this post was going to be dark when you started reading, so stay with me, here. Write down your number.
Mine is 96, but I'm pretty sure that if I get that far, I'll keep on keepin' on and shoot for centenarian. Why not?
Understand that this is not an optimistic thought for me. I know something you do not know. I know the balance in my retirement account. Right now I think I have enough to retire for... one year. Maybe two if I can spend part of it hiding in my brother's garage while he's at work. I hope he's not reading this or he'll change the code on his security alarm. Dang it. I hope my backpacking tent lasts that long. Sorry, I got distracted there. Back to planning for old age.
Well, my first plan is not to be old.
If that doesn't work, well, then, I'll just keep working. Never mind the fact that almost nobody actually pulls this off. Usually, our health fails us and we just can't hold down a job anymore. There's also no guarantee that we'll be able to get and keep jobs that pay enough to make our nut. My grandmother worked until she was 75, because her company loved her and she enjoyed her job. But then she got Alzheimer's. The gap between 75 and 86 was something I won't discuss here. Just say that I know it can happen to me and I know it's expensive. An expensive eleven years of being unable to operate a microwave safely, much less drive to work, much less actually work. Don't plan on it.
How's that for pessimism?
Unfortunately, I'm a health nut. I had the lack of foresight to never start smoking. I don't drink, either; it just gives me the spins and makes my mouth sour. Oh, and also I don't drink coffee. I ran a marathon two years ago. I'm at the healthy weight for my height. I eat more than the recommended number of servings of fruits and vegetables every day. I drink green juice because (shh) I actually like it. Do you have any idea how dumb all this is? My great-grandmother lived to be 75, and she smoked until her last day. Just imagine how much she would have had to save if she never smoked! My family tree on both sides is almost entirely made up of people who lived to a ripe old age, people who ate red meat and smoked cigars and drank hard liquor and didn't have seat belts and inhaled asbestos and all that fun stuff.
When my grandmother was born, life expectancy for women was 56. Her mother lived longer than that, so she probably assumed that she would also make it into her early 60s. My grandparents were frugal savers and they had multiple streams of retirement income set up. I am positive it never once crossed their minds that Nana would live to be 86. THIRTY YEARS longer than the average life expectancy at the time of her birth. We don't think it's possible.
We just don't think we'll live to be that old. We have no connection to Future Self. Old Me is a complete stranger to whom I will bequeath dirty dishes, bills, and wads of crumpled receipts. You're welcome. Now, I have two neighbors within fifty yards who are over 90 years old. My grandmother-in-law lived to be 96. It's just not that uncommon anymore. It would be nice to think of it in a cool way, that we'll be here to see so many amazing technological advances, to read more books by our favorite authors and hear new albums by our favorite musicians. Ah, but pessimistically, what will really happen is that we'll spend all our time grumbling about our aches and pains and trying to remember whether we took our pills.
Seriously, I hope everyone reading this lives a long and full life. If you have the misfortune for that to happen to you, I hope you had the good sense to save money and make sure you can take care of yourself. Remember that number I asked you to write down at the beginning of this post, which you absolutely did not do even though I made a big fuss over it? Take that non-existent number you refused to imagine. Now add fifteen years to it.
There's the real pessimism for you. I think I'll live 31 years past what I think of as retirement age, and I'll need to save enough money for that, but in reality, it might be 46 years. I'm only 41 now, so that's completely unimaginable. To try to sum it up, all I can do is to imagine my scariest and saddest day of being young and broke, but then try to add in my most tired feeling on top of it. This is why I prefer optimism. I prefer the idea that I'll be a lively old spitfire, writing my memoirs on safari somewhere. I'll pull out my gold Future Phone and call Present Me all the time, demanding that I save more money.
I've been working with chronic disorganization, squalor, and hoarding for over 20 years. I'm also a marathon runner who was diagnosed with fibromyalgia and thyroid disease 17 years ago.