The question was: Among retirees ages 56 to 77 with at least $100,000 in investable assets, what percent feel less secure today than when they first entered retirement, according to a recent survey?
a) 9%
b) 29%
c) 49%
d) 69%
The answer is: c. In 2009, 49% of retirees felt less secure than they felt when they first entered retirement, says a survey by LIMRA, Windsor, Conn. By comparison, 20% said the same thing last year, the survey reports.
The downturn also has had an impact on retirees' buying behavior, the researchers say.
While 7 in 10 respondents said they could still cover their basic expenses and afford a few extras, the number who said they spend money on whatever they want plunged from 38% in 2008 to 22% in 2009.
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