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Retirement top U.S. money worry

June 16, 2011 at 8:00 AM   |   Comments

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WASHINGTON, June 16 (UPI) -- U.S. adults say they are not that worried about paying their mortgage or credit cards minimum, but they are very worried about retirement, a survey indicates.

Gallup's annual survey on the U.S. economy and personal finance indicates that since 2001, the top three concerns of respondents have consistently been having enough money in retirement, having enough for medical costs related to a serious illness or accident, and maintaining their current standard of living.

Sixty-six percent -- an all-time high -- say they are worried about having enough money for retirement, up from 53 percent in 2001, across all income groups. Sixty-nine percent of those who make less than $30,000 a year say they are worried about not having enough money for retirement, while 68 percent of those making $75,000 or more say they worry about not having enough money for retirement.

In addition, 60 percent say they are worried about paying for a major illness or injury, up from 49 percent in 2007, while 58 percent say they are worried about maintaining their style of living, up from 41 percent in 2007.

The telephone survey of 1,077 adults, conducted April 7-11, has a margin of error of 4 percentage points.

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