A key sector of the electorate, baby boomers from 50 to 64 who haven't yet retired, are anxious and dissatisfied with their economic prospects, according to a new survey from AARP, the 37 million member nonpartisan, nonprofit group representing seniors' interests.
Fifty percent of nonretired boomers--a figure that AARP Executive Vice President Nancy LeaMond called "startling"--don't think they'll ever be able to retire, according to the survey. While nearly three-fourths think they will have to delay retiring. Nearly 60 percent think the recent economic recession will force them to rely more on Social Security and Medicare.
While many voters and politicians focus on jobs, Americans on the cusp of retiring worry about issues like rising prices and stagnant income, health costs, financial security in retirement and taxes.
Three quarters of those surveyed said they worry somewhat or very often about prices rising faster than incomes; nearly three-fifths are worried about health expenses; and nearly seven in 10 worry about financial security and paying too much in taxes in retirement. For comparison's sake, just 32 percent of nonretired boomers regularly worry about finding a full-time job with benefits.
AARP surveyed 536 nonretired baby boomers via telephone July 10-16. The margin of error is plus or minus 4.2 percent.