2016 Hawaii Financial Security

Survey findings show that most Hawaii Registered Voters age 35-64 who are in the workforce hope to retire and stop working at the average age of 66, but many do not feel financially prepared for retirement. Nearly half (49%) feel they are behind schedule for planning and saving for retirement. Over half (59%) of respondents feel anxious about having enough money for retirement.

Key findings include:

• Over half (59%) of respondents feel anxious about having enough money for retirement and eighty-six percent (86%) wish they had more money saved for retirement.
• Four in five agree that lawmakers should do more to make it easier for small business owners to offer a way to save for retirement.
• Two-thirds support a ready-to-go state retirement savings plan that would help residents save for retirement through a public-private partnership.

The AARP 2016 Hawaii Retirement Security Study was a telephone study among 1,000 registered voters age 18-64 in Hawaii on retirement savings issues. Interviews were conducted June 24-July 10, 2016. Sample was drawn from a registered voter list. Percentages reported are rounded.

For more information contact Jackie Boland, AARP Hawaii, (808) 545-6003 or Brittne Nelson PhD, AARP Research, (202) 434-6307.