What is More Important for Subjective Longevity Expectations: Perceived Health or Income?

This research considers the role of income for subjective longevity assessments. The analysis uses the 2022 Survey of Consumer Finances. My findings indicate that treating subjective health and longevity assessments as jointly determined is important to understanding the role of income for both judgments. Income has a positive effect on health judgments and does not have a statistically significant effect on subjective longevity when health is rated as excellent or good. Surveys framing the longevity question in direct or probabilistic terms may have complementary roles in estimating subjective longevity.