Over Half of Americans Express Uncertainty About Retirement Finances – GfK Research

US women more doubtful than men about post-career finances

NEW YORK–(BUSINESS WIRE)–Reflecting a global economy in which many nations and employers can no
longer provide guaranteed retirement incomes, a new GfK study suggests
that 52 percent of Americans have doubts about their ability to afford
the life they want during retirement.

In an August 2015 survey conducted online by GfK, over 23,000 people in
19 countries were asked how strongly they agree or disagree with the
statement “I am confident that I will have enough money to live the life
I want when I retire.” Globally, the countries surveyed echo feelings in
the United States, with 54% of respondents worldwide uncertain about or
concerned with the state of their retirement finances. (These
respondents answered that they disagreed “strongly” or “somewhat” with
the statement, or said they “neither agree nor disagree.”)

Consumers in Japan, Poland and France expressed the greatest levels of
concern, with 74%, 68% and 68% (respectively) saying they are either
uncertain or not confident about their retirements. Alternatively,
respondents in China (48%) and Spain (45%) were least likely to express
doubt or concern about their retirement funding.

Women worried about retirement

The results show that US women are much more uncertain or pessimistic
about their retirement finances, with 60% saying they are unsure or not
confident, compared to 41% of US men. This disparity is much more
extreme than GfK found across all 19 countries measured; globally, 57%
of women were pessimistic, versus 52% of men.

Older age groups in the US are more likely to say they not sure or lack
confidence in being able to afford their ideal retirement. Almost six in
ten of the 40-to-49 (55%) and 50-to-59 (58%) age segments in the US are
not fully confident they will have the funds they need, followed by the
30-to-39 contingent (49%) and the 60+ age group (45%). These results are
roughly in line with the global averages in GfK’s study.

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For more information on GfK’s international research into people’s
attitudes and behavior, please contact press@gfk.com

About the study

GfK conducted an online survey with over 23,000 consumers aged 15 or
older in 19 countries. Fieldwork was carried out over the summer 2015
and the data have been weighted to reflect the demographic composition
of the online population age 15+ in each market. The countries included
in this press release are Australia, Belgium, Canada, China, Czech
Republic, France, Germany, Hong Kong, Italy, Japan, Netherlands, Poland,
Russia, South Korea, Spain, Sweden, Turkey, UK and USA.

About GfK

GfK is the trusted source of relevant market and consumer information
that enables its clients to make smarter decisions. More than 13,000
market research experts combine their passion with GfK’s long-standing
data science experience. This allows GfK to deliver vital global
insights matched with local market intelligence from more than 100
countries. By using innovative technologies and data sciences, GfK turns
big data into smart data, enabling its clients to improve their
competitive edge and enrich consumers’ experiences and choices.

For more information, please visit www.gfk.com
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Contacts

David Stanton
Vice President,
GfK Marketing and
Communications, Consumer Experiences North America
908-875-9844
david.stanton@gfk.com