Survey: Most Americans worry about retirement funds

Three-quarters of US adults who are not retired yet (74 percent) say they worry about having enough money to retire and seven in ten of this group (69 percent) say planning for retirement is a key priority to them, according to a Harris poll.

Additionally, the poll of 2,286 adults surveyed online between May 14 and 19 this year found that one thing those not retired are not planning for is social security. Just about one-third (35 percent) say they have faith in social security being there when they retire. This drops to one-quarter of Millennials (27 percent) and three in ten Gen Xers (30 percent).

Health care is another worry for Americans. Two-thirds (67 percent) say they worry about being able to afford unexpected health care costs. Among those who are not yet retired, seven in ten (70 percent) worry about being able to pay for their health care costs when they retire.

Almost seven in ten Americans (69 percent) say they are currently putting money toward any savings. One reason for those who aren´t may be that almost half of unretired US adults (46 percent) say they live paycheck to paycheck and can´t afford to put money in savings. Among those saving, the top goals are rainy day funds for unexpected costs (65 percent) and retirement (52 percent). But, those saving are also doing so for some fun reasons as three in ten (31 percent) are saving for a vacation.

Not surprisingly, priorities change considerably by age; just two in five Millennials (39 percent) are saving for retirement, while over three in five Gen Xers and Baby Boomers (62 percent) say they are. Millennials are also more likely than the three older generations to be saving money for a car purchase (24 percent vs. 11 percent, 10 percent, and 15 percent) and a home purchase (24 percent vs. 7 percent, 4 percent, and 3 percent).

On February 3, 2014, Nielsen acquired Harris Interactive and The Harris Poll. Nielsen Holdings N.V. (NYSE: NLSN) is a global information and measurement company with leading market positions in marketing and consumer information, television and other media measurement, online intelligence and mobile measurement. For more information, visit www.nielsen.com.

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