A majority of New Mexico registered voters ages 35-64 in the workforce wish they had saved more money for their retirement as nearly half say they are behind schedule in planning and saving for retirement.
Also, a majority of New Mexico registered voters ages 35-64 in the workforce support the creation of a voluntary state-sponsored retirement savings system.
Key findings include:
- When asked about the amount of money they have in savings, 85% of New Mexico registered voters ages 35-64 in the workforce wish they had saved more money for their retirement years.
- Three in four (74%) New Mexico registered voters ages 35-64 in the workforce support a voluntary state-sponsored retirement savings plan. When analyzed by political party affiliation, self-identified Democrats (83%), Republicans (67%), and Independents (68%) also show high levels of support for a voluntary state-sponsored retirement plan.
- Important features of a voluntary state-sponsored retirement plan are portability (93%), a low cost to participants (89%), and accessibility (91%).
- Over eight in ten (86%) New Mexico registered voters ages 35-64 in the workforce agree that elected officials should do more to make it easier for small businesses to offer their employees a way to save for retirement.
The 2016 AARP New Mexico telephone survey on retirement security was fielded by Precision Opinion Research from September 26 through October 18, 2016, and yielded 1,000 completed interviews. The final sample was weighted by age and gender to reflect registered voters ages 35-64 residing in New Mexico. For more analysis of this survey, please see the reports on Hispanics/Latinos, those residing in Albuquerque, and the annotated questionnaire. For more information, contact Terri Guengerich at TGuengerich@aarp.org.
Guengerich, Terri. 2016 New Mexico Voter Retirement Security Survey. Washington, DC: AARP Research, February 2017. https://doi.org/10.26419/res.00156.001