Nearly 40% Of Americans Don’t Ever See Themselves Retiring
A recent survey of 1,000 American adults reveals that 39% don’t think they’ll ever be financially secure enough to retire.
17%, meanwhile, don’t think they’ll ever be able to buy their own house or apartment despite it being the #1 priority of those polled by Pollfish on behalf of LendEDU.
Breaking down goals by generation, those worried they won’t ever be able to buy a house were mostly Millennials and Post-Millennials, while the ‘Silent Generation & Baby Boomers’ were most concerned about having enough money to retire, followed by paying off credit card debt and building an emergency fund.
When it came to the age of those respondents that lacked confidence in being able to retire, 52% were over the age of 54, 30% were between the ages of 45 and 54, and 15% fell between the ages of 35 to 44. –LendEDU
What can derail goals?
While most of those polled – 93% – believe that one day they will achieve their respective financial goals, whether it took under a year, or over 20 years. That said, there are several factors which could derail their plans, such as an unexpected bill from an emergency such as a major injury or a car accident (33%), overwhelming debt (14%), or working in an industry that could experience major layoffs (9%).
28% said that they feel relatively secure at the moment.
Hilariously, of the 37% of those surveyed who said they are currently single – 72% said reaching their financial goals is more important than finding love, while 23% said love mattered the most. 5% declined to answer.
The survey consisted of 1,000 American adults (18+) over a two-day span starting on May 10th, 2019.