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Do You Worry About Money? Join the Club

Piggy Bank half filledWhether you’re nearing the end of your working life or still several decades away, Americans all share the same financial fear: Will I have enough money to retire?

More than two in three Americans ages 30 to 64 say their top financial worry is whether they’ll be able to save enough to live reasonably well in retirement, according to a Gallup poll released this week.

Not being able to pay for medical costs was the top money fear for people 65-plus, and the second-biggest concern for those ages 50 to 64.

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But it’s not just retirement that people are worried about: The poll found Americans are also concerned about meeting their day-to-day expenses. Of the 1,026 adults polled, nearly half say they’re afraid that they won’t be able to maintain their current standard of living or pay off existing debt.

More than one in three adults ages 50 to 64 say they worry about whether they’ll have enough money to pay their mortgage, rent, out-of-pocket medical costs or other typical monthly bills.

Apparently, the bruising from the Great Recession continues to take its toll on us. Gallup reports that we’re a little less worried now about most of these financial issues than we were during the downturn. But we’re not back to prerecession levels of anxiety.

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That’s why it’s still important to try to get your finances into better shape. Consider tapping into these online tools to shore up your bottom line:

 

 

 

 

 

Photo: Ryasick/iStock

 

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