Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Retirement Planning > Retirement Investing

Boomers looking for financial guidance

By Danielle Andrus

X
Your article was successfully shared with the contacts you provided.

The past year has been hard on boomers. Research from The Hartford Financial Services Group Inc. shows keeping up with daily expenses; last year, boomers’ biggest concern was enjoying life.

Boomers in the United Kingdom, Germany and Spain were most concerned about getting by; over half of people polled in each country said that was their biggest worry. Americans were only slightly less concerned; 49.7 percent of boomers said staying afloat was their biggest concern.

Some highlights from the survey:

  • In the United States, 27.4 percent of boomers don’t know where to go for advice, compared to 26.9 percent last year, and 19 percent in 2006.
  • Over 79 percent of Americans lack confidence in their own knowledge of financial planning.
  • Anxiety is high (77 percent), but preparedness is low; 45.4 percent of Americans haven’t planned for retirement.
  • Nearly three-quarters of boomers (74.6 percent) feel at least one of their sources of income will fail them.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.