AARP Survey of Low-Income Seniors

AARP Survey of Low-Income Seniors

Nearly 60 percent of low-income Americans age 45 and older are not confident they'll be able to pay for basic needs during retirement, compared to 36 percent of higher-income adults, a new AARP survey finds. Conducted in June, the survey (20 pages, PDF) also found that 42 percent of older Americans who make less than $25,000 a year rate their health as "fair" or "poor," compared to 18 percent of those who earn more than $25,000 a year; that nearly 40 percent had to cancel or postpone needed health care or dental treatments in the past six months; that 28 percent stopped contributing to their retirement accounts in the past six months; and that 14 percent of respondents between the ages of 45 and 64 had to prematurely withdraw funds from their retirement savings vehicles.