Young boomers in their mid-to-late 40s are unprepared for retirement, according to a new study.
Allianz Life Insurance Company of North America, Minneapolis, published this finding in a summary of results from a new report conducted by Larson Research and Strategy Consulting, Inc. and DSS Research. The companies fielded a nationwide online survey for Allianz Life among 3,257 U.S. adults, ages 44 to 75.
The study finds that 545 of 44 to 49 year olds are feeling totally unprepared for retirement. They also feel a strong need to take more control of their financial future, attain more financial security and reduce their financial vulnerability.