News Flash- Baby Boomers Worry They Will Struggle in Retirement
July 14, 2003
Finances and health insurance are on the minds of Baby Boomers, as 36% of them say they think about their retirement savings nearly every day, according to a recent survey by Pulte Homes.
More than half, 57% of those surveyed, list the cost of health insurance as their top financial concern.
Baby Boomers feel they will need $800,000 in savings for retirement, and 76% are not confident they will have enough income in retirement. They were also concerned about the loss of Social Security and the cost of long-term insurance. The survey consisted of 1,300 Baby Boomers across the nation between the ages of 44 and 56.
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