AARP: Poll Shows Retirement Security Fears
AARP North Carolina reports a new election year poll revealing that voters 50 years and older who participate in November elections worry that a secure retirement could be out of reach for them.
According to the survey, voters 50+ worry the most about paying too much in taxes (60%); costs rising faster than incomes (55%); health expenses (49%); not having enough to pay for care for a spouse who needs daily assistance (44%); and not having financial security in retirement (44%).
50+ voters say they want to see candidates whose platforms include focusing on their financial security, according to the survey.
One component of the survey is the “Anxiety Index,” which indicates this year that older voters, particularly those who are not retired yet, feel anxious about their economic security.
The survey also revealed that 79% of non-retirees, most of whom are boomers, think that it will be hard to save for retirement. 52% of this pool say that they have postponed or are planning to postpone retirement.
The majority of older voters surveyed say they hold Social Security as a top priority, with 81% saying that it will influence their voting decision this year.
76% of older voters oppose candidates who would support cuts in Social Security to reduce the deficit, and 78% think that candidates need to elaborate more on their positions regarding Social Security reform.
77% of Social Security Beneficiaries say that their expenses are rising faster than their Social Security cost of living adjustment (COLA).
Another key issue highlighted in the survey is the matter of independent living. The majority of survey participants want to live independently as they age and see this issue as a critical one, with 76% saying that candidates need to do more to explain their position on this issue.
77% of the 50+ voters who participated want to receive care in their homes rather than costly nursing homes when tasks become too difficult due to age or illness.
56% of voters 50+ have been or are caregivers. 25% say they expect to be caregivers in the future.
On the topic of age discrimination, an overwhelming majority of voters (81%) support he Protecting Older Workers Against Discrimination Act, which is designed to help older workers by restoring workplace protections under the law.
To view the complete results of the survey, you can find this story on our website, Chapelboro.com.