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Boom and Gloom

Posted By Rob Romasco On September 13, 2012 @ 1:00 pm In Money & Savings | Comments Disabled

5929474535_0df6f82ae0_o [1]I learned  that Baby Boomers are riddled with anxiety about whether they’ll be financially secure when they retire, and they’re less than pleased with our political leaders’ response.

A new Anxiety Index [2], created by AARP through a series of surveys, measures what non-retired Baby Boomer voters age 50-64 worry about. This concern overrides even their worry about health expenses, jobs, or paying too much in taxes. Almost three in four (72%) believe they will have to delay retirement, and almost two-thirds (65%) are concerned they won’t have enough money to retire.

Half of them don’t think they’ll ever be able to retire.

They hold Washington D.C largely responsible. Voters 50+ are as likely to say their financial circumstances were negatively affected by political gridlock in Washington (78%) as by the economic downturn (77%).

Voters age 50+ highlight the importance of Social Security and Medicare, which most say will become even more important when they do retire. They believe overwhelmingly that the presidential candidates have not done a good job of explaining their plans on Social Security (67%) and Medicare (63%), which they say will be important to them in deciding how to vote.

For non-retired voters age 50+, retirement security and economic security are pretty much the same thing. For more information about the results of AARP voter surveys, please visit www.aarp.org/Voters50plus [3].

To find out what the candidates are saying in their own words on Social Security, Medicare, and financial security, please visit AARP’s Voters’ Guide at earnedasay.org [4]

Photo Credit: Images Money [5] on Flickr.


Article printed from AARP: http://blog.aarp.org

URL to article: http://blog.aarp.org/2012/09/13/boom-and-gloom/

URLs in this post:

[1] Image: http://blog.aarp.org/wp-content/uploads/2012/09/5929474535_0df6f82ae0_o.jpg

[2] Anxiety Index: http://www.aarp.org/politics-society/government-elections/info-08-2012/aarp-2012-voter-survey.html

[3] www.aarp.org/Voters50plus: http://www.aarp.org/Voters50plus

[4] earnedasay.org: http://www.aarp.org/politics-society/advocacy/info-04-2012/youve-earned-a-say.html/?cmp=YEAS_MAR1_012

[5] Images Money: http://www.flickr.com/photos/59937401@N07/5929474535/in/photostream/

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