Majority of Americans over 50 worry they won't have enough money for retirement: Study
Majority of Americans over 50 worry they won't have enough money for retirement: Study
One of the survey’s biggest findings is that 61% of those 50 and up are worried they won’t have enough money for retirement.
An increasing number of people are worried that they won’t have enough money to live comfortably in retirement, and men aren’t as financially secure as they once were, according to an annual survey from AARP.
The AARP Financial Security Trends Survey, conducted in January and released in April, included interviews with more than 8,300 Americans over 30 across every state in the country. Conducted by NORC at the University of Chicago, the survey aims to analyze the financial experiences and attitudes among Americans.
One of the survey’s biggest findings is that 61% of those 50 and up are worried they won’t have enough money for retirement, Indira Venkat, senior vice president of research at AARP, told USA TODAY on Wednesday.
And if you break those numbers down even more, one in five of people who have not retired have no savings at all, Venkat said.
Not worried. I've known for decades the boomers will fuck retirement for everyone.
<sarc> Boy howdy, we’d better go out and vote for the party that wants to gut social programs and give tax breaks to the 1%!!! </sarc>
I’m well and truly better off than a lot of other people in my cohort, but still slightly terrified that I’ll have to work till I die. I do count myself as lucky as well in the knowledge that my parents are likely to be able to afford most all of their elder care. Won’t leave me with much of anything, but it’s also not likely to be a big burden.