Survey Finds Americans Over 50 Worried About Money And Work

Despite recent signs of economic improvement, Americans over the age of 50 are generally pessimistic about their financial situation, retirement, and ability to find a job. More than 1,300 Americans over the age of 50 were surveyed recently by the AARP and, according to the results, nearly half of them expect their standard of living in retirement to be worse than their parents or grandparents’ generation and 72 percent said they weren’t confident they’d be able to find a job if they needed work. The recent recession has spiked financial fears for those nearing retirement and people who have already retired. Among respondents, 57 percent said the recession has made them less optimistic that they’ll have enough money to live comfortably during retirement. Government gridlock ranked highest on the list of things participants reported being very worried about. Rising taxes, high inflation, and having enough money for health care also made the list. More here.