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.
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