How Does Your Brain Score? Take the Staying Sharp Brain Health Assessment

My Favorites

AARP Favorites


    My Favorites

    AARP Favorites




      Boomers Concerned About Retirement, Health-care Costs, New Poll Finds

      As the nation's 77 million baby boomers move into their older years, they are deeply worried about the financial pressures of retirement and health-care costs, according to a new Associated Press report. In fact, boomers are even more concerned about those issues than they are about facing a major illness like cancer.

      See also: A Planning Guide: Take Charge of Your Future.

      Key findings of the poll, conducted for the Associated Press and, include:

      • 43 percent of boomers told pollsters they were "very" or "extremely" worried about being able to pay for future medical costs, including long-term care.

      • 41 percent said they were worried about losing their financial independence.

      • 83 percent of those polled said they do not have long-term care insurance to help cover the cost of nursing-home or in-home care that is not covered by Medicare.

      • Only 40 percent of boomers have a will, and just over a third have a health-care proxy or living will, documents that name a spokesperson and spell out the kind of care a person will receive if he is not able to make those decisions for himself.

      "These findings underscore the pressing need for baby boomers to start thinking about their future — and preparing for it," said Alyson Burns, director of AARP’s Decide. Create. Share. campaign, a project that helps educate consumers about planning for long-term care.

      Join the Discussion

      0 | Add Yours

      Please leave your comment below.

      You must be logged in to leave a comment.

      Next Article

      Read This