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Top financial worries of seniors

April 22, 2014
by Lois A. Bowers, Senior Editor
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What financial worries keep your residents and prospective residents up at night? Results of a new Gallup poll reveal that the top three financial concerns among those aged 50 to 64 years and those aged at least 65 years are the same, although members of those groups ranked them in a slightly different order.

Among those aged 50 to 64 years, the top financial concern was not having enough money for retirement, followed by not being able to pay medical costs in the event of a serious illness or accident and not being able to maintain a desired standard of living.

Among those aged at least 65 years, the top financial concern involved medical costs, followed by standard of living costs and then retirement savings.

Gallup conducted the survey via telephone April 3 to 6. See the table below for complete results among these age groups and the Gallup website for overall 2014 results and results over time as well as 2014 results among those aged 18 to 29 and 30 to 49 years.