Table 5.
Annuitization choices by education, numeracy, cognition, and expectations
| Percent choosing to… | |||||
|---|---|---|---|---|---|
| Buy from original provider | Buy from external provider | Use income drawdown | Do not know | Sample size | |
| Men | 61.0 | 21.3 | 8.2 | 9.5 | 570 |
| Women | 64.2 | 15.5 | 7.2 | 13.1 | 308 |
| Education | |||||
| Low | 66.5 | 15.9 | 6.7 | 10.9 | 400 |
| Mid | 59.6 | 21.7 | 7.8 | 10.9 | 317 |
| High | 54.4 | 24.8 | 11.3 | 9.5 | 161 |
| Numeracy | |||||
| Worst | 62.6 | 4.2 | 9.6 | 23.6 | 41 |
| Group II | 67.8 | 14.3 | 6.0 | 11.9 | 321 |
| Best | 58.1 | 24.4 | 9.0 | 8.5 | 513 |
| Word recall | |||||
| 0–8 words | 66.3 | 18.1 | 8.1 | 7.4 | 157 |
| 9–10 words | 63.0 | 14.3 | 6.1 | 16.6 | 214 |
| 11–13 words | 63.3 | 17.6 | 8.9 | 10.2 | 336 |
| 14+ words | 53.9 | 31.7 | 7.6 | 6.8 | 166 |
| Self-reported life expectancy | |||||
| Lowest quartile within age-band | 63.2 | 16.0 | 9.2 | 11.6 | 280 |
| 25–75 percentile within age-band | 60.0 | 22.5 | 7.1 | 10.4 | 407 |
| Highest quartile within age-band | 65.0 | 18.3 | 6.4 | 10.3 | 182 |
| Parents’ survival | |||||
| Both parents died before current age+10 | 63.0 | 14.7 | 9.2 | 13.1 | 87 |
| Only mother survived to current age+10 | 65.8 | 21.6 | 7.4 | 5.2 | 225 |
| Only father survived to current age+10 | 65.6 | 19.0 | 3.2 | 12.2 | 91 |
| Both parents survived to current age+10 | 58.8 | 20.9 | 8.6 | 11.7 | 388 |
| At least one parents’ survival unknown | 62.4 | 12.4 | 9.3 | 15.9 | 87 |