2016 AARP Survey of Minnesota Registered Voters Ages 35-64: State Retirement Savings Plan

Survey findings show that most Minnesota 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.

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Key findings include the following:

• More than one-third (36%) of Minnesota voters feel they are behind schedule for planning and saving for retirement.
  
  
• Half of respondents feel anxious about having enough money for retirement.
  
  
• Most agree that Minnesota lawmakers should do more to make it easier for Minnesota small business owners to offer a way to save for retirement.
  
  
• Nearly three-quarters support a state retirement savings plan that would help Minnesota residents save for retirement through a public-private partnership.
  
  
• Most agree that elected officials should support legislation making it easier for workers without employer options to save for retirement.
  

The AARP 2016 Minnesota Retirement Security Study was a telephone study among 1,000 registered voters age 35-64 in Minnesota on retirement savings issues. Interviews were conducted November 10 - November 27, 2016. Sample was drawn from a registered voter list. For more information contact Jennifer Sauer at JSauer@aarp.org.