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Retirement Planning > Retirement Investing

Half the world is worried about retirement

By Marlene Y. Satter

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As if we didn’t know—Americans are worried about retirement, with 52 percent doubting their ability to afford the life they want once they leave work.

And Americans aren’t the only ones, according to a GfK survey that found global echoes of Americans’ worries in the 19 countries’ residents it surveyed.

Some countries’ residents were even more worried than U.S. citizens, and global responses were enough to tip the percentage to 54 percent.

As might be expected, some countries’ residents are considerably more worried than others. Japan, for instance, clocked in with 74 percent of its respondents worried that the money will run short after they retire. In Poland and France, the number was 68 percent.

Chinese (48 percent) and Spanish (45 percent) respondents were least likely to express worries—but that leaves a lot of people in a lot of countries fearful for their financial well-being during retirement.

Getting back to the U.S., though, women are—unsurprisingly—considerably more worried about the potential state of their retirement than men, with 60 percent doubting that they’ll be able to afford their ideal retirement.

Men, not so much; just 41 percent are worried—but then women have the financial deck stacked against them, with lower salaries, longer lifespans, and fewer years in the workforce than their male counterparts.

Globally, the gender gap wasn’t anywhere near so pronounced; 57 percent of women were pessimistic, compared with 52 percent of men.

Age counted, too, in how concerned U.S. residents were about financial security in retirement—and that played out globally, as well, with the results being roughly in line with global averages per age group.

In the U.S., 55 percent of the 40-to-49 age group and 58 percent of the 50-to-59 age segment said they were not fully confident they will have the funds they need. The 30-to-39 contingent came next, with 49 percent doubtful; they were followed by the 60-and-over age group, at 45 percent.

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