Insurers selling retirement products may tailor their presentations based on the results of a new study that states three out of four (73%) of American middle-income baby boomers say that their financial situation, not age, will determine when they will retire. The study was conducted by Bankers Life and Casualty Company’s Center for a Secure Retirement (CSR). Further, the study found females outrank males in their plans to consider their financial situation over age before retiring from the workforce.

The Middle-Income Boomers, Financial Security and the New Retirement study, which focused on 500 middle-income Americans between ages 47 and 65 with income between $25,000 and $75,000, found that one-third expect to retire after the traditional retirement age of 65 and 31% are uncertain at what age they will be able to retire.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access