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Economy and Business

Voters over 50 uncertain on retirement
A new study reveals about half of voters over 50 are either somewhat confident or not-at-all confident that they will be able to retire.
This story is part of a special series.

Karen Kasler

A new survey shows a majority of voters over 50 have serious reservations about when – or if – they’ll be able to retire. And because of that, they’re saying the presidential candidates need to talk more about Social Security and Medicare. The poll commissioned by AARP surveyed voters in Ohio and five other states, and pollster Guy Molyneaux says overall, baby boomer voters are pessimistic.

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“A large number of baby boomers are not sure today they will ever be able to retire," Molyneaux says. "Only 48 percent expressed some real level of confidence that they will be able to retire at some point in their lives.  While 50 percent says they are either somewhat or not at all confident they will be able to do that.”

The numbers are worse in Ohio – 50 percent believe they will retire at some point, but 64 percent think they will have to delay retirement plans. And two-thirds say they believe the recent economic downtown will force them to rely more on Social Security and Medicare. The survey sought to measure boomers’ concerns about what the AARP calls its “anxiety index” about prices rising faster than incomes, health expenses, financial security in retirement, and taxes.

Listener Comments:

This administration is creating the anxiety.
Obama said he would focus like a lazer on jobs, instead we got the misnamed Affordable Care Act that appeases his special interests - not adequately helping the middle class, or the "disadvantaged".
Obamacare is a tax, taken from your check in 2014 by the IRS, like Social Security, which will increase progressively.
The issue is government control, the focus is on authorities given, and bureaus created to tell the citizens' what they must do; - the elderly will have to accept more denials, because the dollars won't be there to cover all expenses.

Posted by: not free on August 11, 2012 11:08AM
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