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Baby Boomers Worry They Won’t Be Able To Retire
August 12, 2012
About half of all Florida voters aged 50-64 say they fear they’ll never be able to retire, and large majorities say they’ll have to rely more heavily on Social Security and Medicare than they expected, according to a new survey by AARP released last week.
Most Florida voters in that age range also say the presidential candidates have done a poor job explaining what they plan to do in terms of Social Security and Medicare spending.
“They’re worried about their future, and they want to know what the candidates would do to alleviate their worries,” said Jeff Johnson, AARP’s Florida state director.
The poll also creates a new AARP “Anxiety Index,” measuring the degree to which people over 50 worry about various things. The biggest anxiety they have right now, according to the poll, is prices rising faster than incomes, which 70 percent of those surveyed say they worry about “somewhat or very often.”
Non-retired boomer voters in Florida are pessimistic about retirement.
Nearly 70 percent said they believe they will have to delay retirement, the same percentage are somewhat or very worried they won’t have enough money in retirement, and 51 percent worry they will never be able to retire.
By The News Service of Florida
Comments
14 Responses to “Baby Boomers Worry They Won’t Be Able To Retire”
It’s not really a matter of worry.
It’s a matter of reasonable expectations.
It also reminds me of the time President Carter was pushing swine flu shots. A number of elderly people got sick and died as a result of the vaccinations.
Reporters asked him about the deaths and he responded that it only killed elderly and weak.
“So the elderly should avoid the shot?”
“Oh, no those are the ones who need it most.”
I thought to myself, “Well THAT would certainly save money on Social Security.”
David considering final solutions
@Karen
Whether you call him a “socialist” or something else is not an argument to dispute what he says about Social Security being solvent. As a matter of point, you are reaffirming what he says by calling him a Socialist. If Social Security wasn’t Solvent a socialist would be one of the first people to be screaming “reform”.
Btw, the way you are using the tern “socialist” to describe him, while making no substantive point about SS, you are saying it in the sense of of meaning Communist, which is not what Bernie Sanders is.
People can support social programs and be a Capitalist. You can own your own business, pay your taxes and put your kids through public school while using public roads to go to the public library or the Equestrian Center or a park etc,,.
The rightwing in it’s effort of spreading hate, fear and smear uses words like “Socialist” in a dishonest way to turn every conversation into being about a government take over. When they do that, your conversation is limited to that spectrum instead of talking about a specific social program like Social Security. Then rightwing Corporatist or fascist politics mixed with fundamentalist DOGMA twist it into a conversation of being about good vs evil.
Privatizing SS, means putting your Social Security Retirement in the hands of Wall Street and losing it forever. Corporatist/Republicans want to make Social Security obtainable to the private sector so they can take it, not to make it stronger or safer, because that dog won’t hunt.
Once Ryan takes away all the programs these people have paid into and raises retirement age they will never retire
Until the government learns to live within their means, this country will continue to struggle and dig itself a deeper hole. I for one am sick and tired of laws that are passed that exempt members of congress.
Come folks, both SS, and Medicare can not be sustained unless they are reformed. More to the point, unless private industry is allowed to grow, the programs will clearly fail. Has anyone visited the “temples” of our federal government in DC lately. Has anyone noted that the DC area has good economic conditions. All paid for from our taxes. The federal government is too big, and too invasive and needs to be reformed. Just check out the medical programs for both the Dems and the Republicans on the hill compared to your own. Time to strike the political flags and get to work for the people. Will the candidate for whom you will cast a ballot work for his reelection, or for you?
Social Security was never intended to sustain a population who live longer, due to medical advances this day and age. It is a pyramid scheme that is collapsing. How you can you take from everyone while they are able to work, put it into a pool of money, and pay it back out to everyone at retirement age, permanently disabled, etc. when there are more people on social security than working to pay into it? It is a failed plan slowly bleeding until it dies. I will never expect to live off social security when I reach 65, because it will not be there!
The way America and the economy is heading, we will end up selling off everything we own to pay back China. If we do not, most of us will be retirement age, owned by communist China. But hey… at least we’ll have good free healthcare!
Once the GOP keeps raising the retirement age, and taking away medical benefits you can kiss retirement goodbye.
Republicans want to raise the retirement age. Most of us will die before we are old enough to draw much if they get their way. It’s already 67.5 for me. Not too many people can work to that age especially in a physically demanding job. I suspect I won’t be be to either.
With the declining quality of life and healthcare and the stress that comes with it, most will be deceased before they reach too old an age.
It is a good thing people like Romney do no have to worry about such matters, it allows them to focus on important things like exporting jobs, raising taxes on the poor and running the nation.
@Henry do you realize Bernie Sanders is a socialist. Sanders is a self-described democratic socialist,[1][2] and has praised European social democracy (though he has also criticized its contemporary “Third Way” departure). He is the first person elected to the U.S. Senate to identify as a socialist.[3] Sanders caucuses with the Democratic Party and is counted as a Democrat for the purposes of committee assignments, but because he does not belong to a formal political party, he appears as an independent on the ballot.
Mic Hall, your hearsay doesn’t add up and the Democrats did not have a Full Super Majority with Lieberman as the 60th vote. Not to mention, they didn’t spend 2 years on it, though they did work with Republicans who dragged the political talks on for ever while they watered down the bill and then still voted against it even though they, Republicans. got what they wanted. I’m sure you remember all the rightwing spin in the health care debate as well as right wingers being disruptive at Town Hall Meetings?
Your statement that Democrats will not do anything to fix it is false. First SS isn’t broken. Second Republicans want to privatize it which is not an answer for anything but a way to break it.
If you want to describe why you think SS, not Medicare, is broken, then say why and save the anti-Democrat smear. That doesn’t tell anyone what you think is wrong with SS.
Republican propaganda wants you to believe something is wrong with SS so they can fix the fake problem, so they can privatize it and exploit it.
Republicans need to explain in a Senate Hearing or even on talk shows what is supposedly wrong with SS before they can talk about fixing it, even though SS is solvent for many decades out.
If you really do care about SS, Bernie Sanders is the expert and he’s not a Democrat so listen to someone in the know about it, not conservative media.
Sorry Henry but Social Scrutiny is broke because politicians could not keep there hands off it. Both sides have been guilty. BOTH. If they had left the money instead of robbing the account it would be doing just fine. Economists have run the numbers and it would have made it through every stock market fall and recovery.
Democrats will not do ANYTHING that really saves it and it may be to late to make changes that could. Remember for two years Democrats had all three branches and they decided to spend time on Obomacare and did NOTHING to fix Social Security.
If we had changed things back in GWB’s 1st term imagine how they might have been able to fix the problem instead of just ignoring the inevitable problem if nothing is changed.
There are simply too many people who can’t save any money (Some just barely get by and can’t save, others aren’t good at it) for us to allow SSI to be removed. If the government hadn’t “borrowed” from SSI and Medicare so much over the years we would not have this problem. They should not be allowed to take our money and use it for whatever they want to!
It’s simple. Romney/Ryan want to privatize Social Security like about half the Republicans were talking about in GWB’s 1st term. Imagine how that would have worked out and the depression we would be in if Republicans had been able to do that.
Social Security is in good shape for Baby Boomers and probably for Gen X’ers as well. If you want to learn about Social Security and want is going on with it, check out Sen Bernie Sander (Independent) website or youtube channel. He will separate the Wheat from the Tares when it comes to good reliable information on SS.