80% Women who said they have a generally positive outlook on life. Numbers AAG Survey Examines Retirement Crisis A RECENT SURVEY from American Advisors Group (AAG) identified consternation among retirees. “Fearful of outliving their savings, many older homeowners are making hard lifestyle choices and difficult kitchen-table discussions to cut expenses,” AAG says in its report. The nationwide survey included more than 1,500 seniors ages 60 to 75. SOURCE: www.aag.com/retirement-savings-crisis/ 47% Respondents who said it is difficult to save for retirement. 44% Those who said they have not saved enough to retire comfortably. 43% Seniors who rated the condition of their savings as fair or poor. 57% Seniors who said they are only somewhat optimistic or not optimistic at all that their savings will last through retirement. 60% Seniors who are cutting back on nonessentials to make ends meet. 89% Respondents who said the United States is experiencing a retirement savings crisis. 40% Those who said they are worried about making ends meet. 80% Respondents who said they are cutting back on dining out. 36 REVERSE MORTGAGE / MAY–JUNE 2023
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