Results for: AARP survey

An AARP survey reveals growing financial worries among Americans over 50, with a significant proportion expecting to never retire and a large majority expressing concerns about rising prices outpacing their income. The study highlights the financial challenges faced by older Americans, including insufficient retirement savings, rising everyday expenses, and housing costs. The survey’s findings underscore the importance of addressing financial security for older Americans as they navigate retirement planning and the potential impact on future elections.

According to an AARP survey, over 25% of adults over 50 expect to never retire, and 70% are concerned about rising prices outpacing their income. Financial worries are rampant; one in four has no retirement savings, 33% carry a credit card balance exceeding $10,000, and 12% owe more than $20,000. Basic living expenses, such as food and housing, are the primary obstacles to retirement savings, and 37% worry about meeting these basic needs.