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For more information, ContactMichael Dubrow Principal,at @michaeldubrow1
Conducted by Evolve!, Inc.www.evolvesinc.com
MILLION BOOMERSAre Worried About Retirement31 (Study)
of boomers search online for answers to their financial planning questions. Their favorite online tools/sites for finding answers to financial questions:
are worriedabout retirement
are confident theywill live comfortably
in retirement
41%59%
have not savedenough for their
children’s education
of those withchildren say theireducation fund
is on target
48%52%do not have
an estate planhave an up-to-dateestate plan in place
51%49%
are on target to meettheir financial goals
59%are NOT savingenough to meet
their financial goals
41%
44%
are falling shortof their goals
are on target tomeet financial
milestones (wedding,home purchase,
remodel, car)
42%58%believe they
have the wrongfinancing in place
who own homeshave the right
financing in place
34%66%
are uncomfortablewith their currentstandard of living
are comfortablewith their currentstandard of living
37%63%
When asked whether they have clear financial goals and
milestones, 68% of boomers said that they did. That's
good, but the flip side isn't. Today, thirty one million baby
boomers are worried or very worried about retirement and
24 million (32%) have no financial plan.
Furthermore, among baby boomers who were surveyed:
are not planninga vacation
this summer
are planning togo on vacation
this summer
45%55%
49%41%24%21%21%15%
65% of the 535 peoplesurveyed said they would gladly join or consider joining a dedicated personal
finance community where they could get answers to their personal finance
questions from trusted financial planners, mortgage brokers and insurance agents,
free of charge and with no sales pitches.
49%Search tools
41%Financial news sites
24%Newsletters
21%Financial planning sites
21%Online communities
15%Classes or seminars
65%Methodology: To better understand American’s financial health, personal finance community MoneyTips.com recently
commissioned an online survey of 535 Americans ages 21-100. The multi-select survey was fielded April 24 – May 25, 2014.
Margin of error for respondents ages 51+ is plus or minus 4.7 percent.
