Retirement security remains a major concern for a large percentage of Americans across all family types, particularly concerns about being able to maintain a “reasonable” standard of living for the rest of their lives.
The presence of children is both a financial burden (half of those with adult children have provided them some financial assistance) and a potential source of support (one-fourth of respondents expect children to help retired parents in need).
More couples than non-couples have taken action to lower their debt, have met with a financial advisor, and have invested for their retirement.
More single women believe it’s harder for them to save for retirement than respondents who are married or have a blended family.
This survey was conducted by GfK Custom Research North America between February 8 and February 19, 2012. The national online survey included 2,522 adults age 45 to 80 who were grouped into one of the following six family structures: first marriage, second marriage, domestic partners, divorced/separated, widowed, and single-never married.