American centenarians will quadruple by 2054, causing money challenges [Video]

The number of centenarians in the U.S. is poised to balloon in coming decades. That longevity poses a big financial challenge for households.

By 2054, there will be an estimated 422,000 Americans age 100 and older — more than four times the 101,000 in 2024, according to a Pew Research Center analysis of U.S. Census Bureau data.

Centenarians make up 0.03% of the total U.S. population today, a share expected to reach 0.1% three decades from now, the analysis found.

What’s more, the centenarian population has nearly tripled in the last three decades alone, according to Pew.

Meanwhile, even if Americans don’t reach age 100, more of them will live to …