Buicks and BluBlockers Don't Come Cheap
May 08th 02:06:17 PM
Gallup Poll News Service announced the results of its annual personal finance survey yesterday, and "not having enough money for retirement" ranked as the top concern for adults. Fifty-six percent of respondents said that they are either "very worried" or "moderately worried" about retirement security.
|
Total Worried |
Total Not Worried |
|
% |
% |
Not having enough money for retirement |
56 |
42 |
Not being able to pay medical costs of a serious illness/accident |
49 |
50 |
Not being able to maintain the standard of living you enjoy |
41 |
58 |
Not being able to pay medical costs for normal healthcare |
36 |
61 |
Not having enough money to pay for your children's college |
34 |
26 |
Not having enough to pay your normal monthly bills |
33 |
66 |
Not being able to pay your rent, mortgage, or other housing costs |
26 |
69 |
Not being able to make the minimum payments on your credit cards |
18 |
64 |
Oddly, 3 percent of the survey population said that "not having enough money for retirement" does not apply to them (rounding makes the percentages not equal 100). Are these the hard-core supporters of Chris Buckley's Boomsday who will "voluntarily transition" to a more peaceful place in order to reduce the burden of Social Security?
Probably not, though I'd be interested in talking with them if they are. Gallup may therefore want to consider moving this 3 percent into the "very worried" section, simply because these people ought to be very worried if they think retirement security doesn't apply to them.
Posted by Ryan Lynch
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