Boomers and Finances: An AARP Bulletin Survey

With an interest in learning more about what American Boomers perceive about their financial performance and situation, on behalf of the AARP Bulletin, in November 2013, AARP Research conducted a short telephone survey among a nationally representative sample of 714 individuals age 49-67 years old. 

Key findings include:  

• Two-thirds (67%) of Boomers say they are doing at least somewhat well financially, with one-in-five (21%) doing extremely or very well and about half (46%) doing somewhat well.
• Regarding how well Boomers thought they would be doing financially at their age, the majority (56%) say they are doing either better than expected (20%) or about the same as expected (36%).  
• About four-in-ten (39%) Boomers perceive they are doing better than their parents were doing financially, and over a quarter (26%) perceive they are doing the same as their parents were doing at the same age.
• Over four-in-ten (43%) Boomers expect their children will be doing better financially and about one-fifth (18%) of them expect their children will be doing about the same as they are doing today when their children reach the age they are today. 

For more information, please contact Matrika Chapagain at mchapagain@aarp.org.