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AARP Survey Showing A Lot Of Anxiety Among Boomers

The American Association for Retired Persons (AARP) has completed a recent anxiety index report which shows 75% of the 1852 registered voters surveyed in July are concerned about prices, especially for healthcare, rising faster than their income. The future of Medicare and Medicaid have been in question due to political discussions and this has baby boomer anxiety increased even further.

Half of the boomers surveyed do not believe they’ll ever be able to retire based on Michelle A. Samaad’s article on CUTimes.com. This shocking statistic is very upsetting and shows how worried baby-boomers really are. About 59% said they think the economic downturn will force them to rely even more on Social Security and Medicare, if those programs are even around. 62% said they were most worried about health expenses which makes sense because health care costs are increasing at exponential rates. About 71% are concerned about paying too much in taxes which may happen depending on the route government chooses to take towards solving our nation’s deficit problem.

The survey goes on to report that about 30% said they regularly worry about not being able to find a full-time job with benefits or keep paying their housing payments. Nonretired baby-boomers, in general, do not have positive feelings towards retirement. About 72% believe they will have to delay retirement and 65% worry they may never be able to retire due to financial restraints. Nancy LeaMond, AARP executive vice president points out that retirement security and economic security go hand in hand and that the government should be focusing on both, especially during campaigning.

Baby-boomers over the age of 50 believe their personal economic situations were negatively affected by the constant political gridlock going on in the federal government. Over 80% of survey participants are not satisfied with Congress and the steps taken to take care of the economic downturn. The latest information shows boomers are very much split down the middle when it comes to who they will vote for in this year’s election. 91% believe whoever takes office in January will need to focus on working with Congress to strengthen Social Security and Medicare. They know that parties must work together to make this a reality and fix the nation’s economic situation.

Written by Sam Tabes

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