Screen Readers Skip to Content

Have Retirement Nest Eggs Cracked

Published: 2011-06-22 - Updated: 2021-05-11
Author: COUNTRY Financial | Contact: countryfinancial.com

Synopsis: Americans ongoing uneasiness about their finances is putting some cracks in how they feel about their retirement nest eggs. Adding to the drop in financial security sentiments were a decline in Americans' ability to save, fiscal security in the event of a death or disability and sense of overall financial security. Despite differences, both men and women need to put equal focus on planning for their short- and long-term financial goals to achieve financial security.

Main Digest

Has the Retirement Nest Egg Cracked? COUNTRY Index dips as confidence in retirement hits record low.

Related

The COUNTRY Financial Security Index® dropped one point to 63.7 in June, in part because confidence in retirement reached an all-time low. Just 51 percent of Americans believe they will have enough money to enjoy a comfortable retirement, a one-point drop since April and the lowest percentage since the inception of the COUNTRY Index in February 2007. The drop also marks a consistent decline since October 2010.

"With the slow-to-recovery economy, rising food and gas prices and discussions over government entitlement programs, concern over retirement is understandable," said Keith Brannan, vice president of Financial Security Planning at COUNTRY Financial. "If you're feeling uncertain, reassess any long-term financial plans and identify potential cracks in your retirement nest egg."

To get started, Brannan recommends asking these key questions:

Adding to the drop in financial security sentiments were a decline in Americans' ability to save, fiscal security in the event of a death or disability and sense of overall financial security.

Women more confident than men for the first time ever

"When it comes to finances, men and women exhibit different attitudes and levels of risk tolerance. The sharper the divisions, the more important it is for couples to collaborate on their finances," adds Brannan. "Despite differences, both men and women need to put equal focus on planning for their short- and long-term financial goals to achieve financial security."

Survey Highlights:

Topic June 2010 April 2011 June 2011
COUNTRY Financial Security Index 64.8 64.7 63.7
Rate overall financial security as excellent or good 41% 38% 37%
Able to set aside money for savings and investments 46% 48% 45%
Enough money to enjoy a comfortable retirement 56% 52% 51%

The COUNTRY Financial Security Index

The COUNTRY Financial Security Index® is a bi-monthly measure of Americans' sentiments toward their overall financial security. It is an aggregate of various factors comprising financial security including savings and investments, financial planning, retirement, education and asset protection. The COUNTRY Index was created by COUNTRY Financial and is compiled by Rasmussen Reports, LLC, an independent research firm, based on a national telephone survey of at least 3,000 Americans. The margin of sampling error for a survey based on this many interviews is approximately +/- 2 percentage points with a 95 percent level of confidence.

Primary Information Source(s):

Have Retirement Nest Eggs Cracked | COUNTRY Financial (countryfinancial.com). Disabled World makes no warranties or representations in connection therewith. Content may have been edited for style, clarity or length.

In Other News:

You're reading Disabled World. See our homepage for informative disability news, reviews, sports, stories and how-tos. You can also connect with us on social media such as Twitter and Facebook or learn more about Disabled World on our about us page.

Disclaimer: Disabled World provides general information only. Materials presented are in no way meant to be a substitute for professional medical care by a qualified practitioner, nor should they be construed as such. Any 3rd party offering or advertising on disabled-world.com does not constitute endorsement by Disabled World.


Cite This Page (APA): COUNTRY Financial. (2011, June 22). Have Retirement Nest Eggs Cracked. Disabled World. Retrieved September 22, 2021 from www.disabled-world.com/news/seniors/retirement/nest-egg.php