Older Adults Facing Growing Financial Insecurity in Retirement

80% of households with adults age 60 and over—or 32 million households—are struggling financially today or are at risk of falling into economic ...

80% of Older Adults Face Financial Insecurity

An updated analysis by the National Council on Aging and LeadingAge LTSS Center @ UMass Boston shows a little over 27 million households with ...

Addressing the Nation's Retirement Crisis: The 80%

Our research analysis found that 80% of older adults are either financially struggling now or are at risk for economic insecurity in retirement.

80% OF OLDER ADULTS FACE FINANCIAL INSECURITY

Researchers at NCOA and the LeadingAge LTSS Center @UMass Boston analyzed data from the 2020 Health and Retirement Study, a longitudinal panel ...

Four-fifths of older Americans are standing on the financial edge

"At the same time that 11,000 people are turning 65 every day for the next several years, a growing number of older adults are facing financial ...

Financial Security for Older Americans | U.S. GAO

Yet research shows that many households are ill-equipped for this task and have little or no retirement savings.As of 2022, about half of households with a ...

The True Scope of Financial Insecurity in Retirement - EHDOC

The analysis discovered that 80% of households with older adults—or 32 million—are financially struggling today or are at risk of falling into economic ...

RETIREMENT INSECURITY 2024

Most. Americans are experiencing increased financial pressures and low levels of retirement savings. Amid growing concerns about Americans' retirement readiness ...

Rising Debt Threatens Economic Security of Older People

These highly indebted retirees were characterized as predominantly female, divorced, Black, and in poor health, with relatively low household financial assets.

Elder Americans face growing financial insecurity

Financial vulnerability for half of older adults ... 60% of this group can't afford even two years of in-home long-term services and support. Long ...

The Long-Term Economic (In) Security of Seniors - The Heller School

Increasing longevity, weakening of pension incomes, and dramatically rising expenses for health care and housing are just a few examples of the changing ...

Seven facts about the economic security of older adults

As of 2020, immigrants who arrived at age 50 or later represented almost half of all individuals who will never receive Social Security benefits ...

Saving and Retirement Security - Aging and the Macroeconomy

The simple economic life-cycle model predicts that people save during their working lives and draw down this wealth during retirement. For this reason, some ...

Full article: Economic Fragility of Older Adults: Factors Contributing ...

Compared with prior cohorts, the current cohort of adults at or nearing retirement age faces higher levels of secured and unsecured debt burden from mortgages, ...

The Aging of America: A Changing Picture of Work and Retirement

In a 2015 report, the U.S. Government Accountability Office (GAO) found that about half of households approaching retirement (age 55 or older) had no retirement ...

POST-RECESSION SENIOR IN-SECURITY REMAINS HIGH

than two-in-five single female seniors facing economic insecurity in 2010 ... minimize the financial burdens of growing housing costs. This analysis ...

Causes and Effects of Financial Anxiety on Seniors

Financial anxiety is a growing concern among seniors as they face the challenges of managing their finances during retirement.

Understanding Income Security for Older Adults

In this context, the role of the state in promoting financial security for older people will need to grow. Despite this growing need, public pension and safety ...

Older Women Report Facing a Financially Uncertain Future | U.S. GAO

In all 14 focus groups GAO held with older women, women described some level of anxiety about financial security in retirement. Many expressed ...

Community-dwelling older adults who are low-income and disabled ...

Financial challenges are common for U.S. older adults; approximately one-third report financial strain, defined as difficulty making ends meet, and 60% ...