Man and woman discussing
RETHINKING RETIREMENT

Bipartisan alignment

90% of registered voters surveyed think there is currently a retirement savings crisis in America
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Retirement trajectory

84%
of registered voters plan to retire
64
is the average expected retirement age
$2.191
million is the average expected amount of savings needed for retirement
78%
of those not planning to retire say it is because they will be unable to afford it

Top retirement concerns

  • 78% of registered voters are concerned about not having enough money to take care of long-term care expenses, such as nursing home costs, throughout retirement
  • 75% are concerned about not being able to maintain their standard of living throughout retirement
  • 73% are concerned about having inadequate savings or investments to fund needs in retirement

Retirement savings

Only 22% of registered voters are extremely or very confident they will have enough money to live on throughout the retirement years

This chart showing about retirement savings

Top demographic groups without any emergency savings

Retirement savers by demographic groups who have had to pull money ear

Emergency savings

Only 39% of registered voters have more than $10,000 readily available in savings, 26% do not have any readily available savings (e.g., in cash, or a checking, savings or money market account)

Top demographic groups without any emergency savings

38%
Woman of color
37%
Black
36%
Residents of rural counties
35%
Moms with children at home
35%
Hispanic
33%
Women 18 to 34 years old

Time to rethink retirement

Only 13% of registered voters, including just 3% of Independent voters, think elected officials in Washington, D.C. are focused on helping people like them plan and save for a secure retirement.