Two-thirds of baby boomers who are within 10 years of retirement say that rising health care costs will have the greatest effect on their retirement outlook, according to a new report.
Allianz Life Insurance Company of North America, Minneapolis, published this finding in a summary of results from its 2012 Retirement & Politics Survey. The survey polled more than 1,200 baby boomers ages 55 to 65.
Two-thirds (67%) of these "transition boomers" list healthcare expenses as their top concern, with Republicans at 64%, Democrats at 69%, and independents at 66%. Social Security ranks second at 53% for all transition boomers, followed by tax payment changes (31%), rising national debt (26%), unemployment (19%) and education (4%).
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
