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Older Americans’ Worries Similar to Everyone Else’s

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By Douglas A. McIntyre Updated Published

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According to an article titled “Boomers’ ‘Anxiety Index’ High, Voter Survey Reveals,” new research shows that among people ages 50 to 64 who are still in the workforce, the greatest concerns are:

  • Inflation
  • Taxes
  • The opportunity to eventually retire
  • Financial security during retirement
  • The affordability of health care

These are very likely similar to the concerns of people in their 20s or 30s who say that they cannot find work that fits their educations or experience. Many will never receive the benefits that their parents or grandparents did as part of the jobs that they had. And some have been out of work for long periods, which in many cases has caused an erosion of skills. It is more and more common to hear that the current generation of young Americans will be worse off financially than their parents — something that has not happened in recent history.

The other major finding of the research about these people ages 50 to 64 is that “65 percent have little confidence that they will have the means to live comfortably in retirement.” Based on the economy as it currently is, and likely will be for some time, many Americans can say the same thing.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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