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Virginians 50+ Deeply Concerned About Retirement, Finances, Health and Long-term Care

A new AARP survey of Virginians age 50 or older reflects an older population with bright dreams of traveling and spending time on leisure pursuits in retirement. But the economy has forced them to put those dreams on hold, with 63 percent saying they would delay retirement if the economy does not improve.

“This survey paints a picture of Virginians age 50+ who worry about making ends meet and how to get health care,” said AARP Virginia State Director Bill Kallio. “They are having to put their dreams on hold instead of enjoying retirement.”

More than half of Virginia adults 50+ say health care issues are the top problem facing mid-life and older adults in the state. About three in 10 cite economic issues as the largest challenge.

Only 15 percent of employed Virginians age 50+ say they plan to quit working when they reach retirement age, according to a survey conducted by AARP. Of those who planned to delay retirement, 11 percent said they expected never to retire while 16 percent plan to delay retirement up to five years.

“This is something for all generations of Americans to work on, and AARP can help,” Kallio said.

The Virginia results come from a huge AARP survey effort – the Association conducted separate surveys in each of the 50 states and the three territories where AARP has offices, plus a national survey – to better gather information on the needs, interests and concerns of Americans 50+. The survey also found large gaps between what Americans 50+ believe they need to remain healthy, secure and active and what they expect to have. About 400 Virginians age 50+ were surveyed in January. The survey results are expected to be accurate within plus or minus 5 percent.

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