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Article: Second Annual Allstate ``Retirement Reality Check'' Survey Reveals Baby Boomers' Financial Worries Increasing.
- Article from:
- Business Wire
- Article date:
- August 23, 2002
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Business Editors
NORTHBROOK, Ill.--(BUSINESS WIRE)--Aug. 23, 2002
Rising healthcare costs and a faltering economy have, in just one year, nearly doubled Baby Boomers' retirement concerns, according to the second annual Allstate (NYSE:ALL) "Retirement Reality Check" survey.
Yet, a glance at their savings and financial planning habits indicates that this worry has not persuaded them to take action.
In one of the 2002 study's most compelling findings, 52 percent of the Baby Boomers surveyed acknowledge worries about having sufficient retirement funds -- up from 29 percent who expressed this concern in 2001. Worries about healthcare costs ...