Fears About Growing Older

UM Boomers were asked to choose two of the following fears about growing older:

Fears About Growing Older
  Total
Responses
MaleFemaleEarly
Boomer
Late
Boomer
NC*NE* SC*SE*W*
Not having enough money to live on23% 21% 25% 25% 22% 21% 19% 29% 25% 24%
Losing sense of purpose14%14%13%15%12% 12%14%15%15%10%
Being a burden to family19%21%17%18%19% 11%24%18%22%16%
Not leaving my children an inheritance0%1%1%1%0% 0%1%1%0%1%
Living in a nursing home9%10%8%8%10% 14%6%10%5%12%
Dying3%2%4%3%4% 4%3%4%0%4%
Failing health42%46%40%42%43% 46%43%39%39%47%
Death of spouse24%26%23%23%26% 26%29%21%22%22%
Losing my independence27%23%30%28%27% 28%28%23%27%31%
Memory loss15%12%18%15%20% 13%14%18%15%12%
Other4%3%4%3%5%5% 2%4%7%0%
*NC = North Central Jurisdiction; NE = Northeastern Jurisdiction; SC = South Central Jurisdiction; SE = Southeastern Jurisdiction; W = Western Jurisdiction

Other responses that Boomers gave as fears of growing older are "growing old alone" (not having married or had children); "not recognizing God's purpose for my life"; "death of parents or of a child"; and "having regrets about what I should have done but didn't."


Retirement

Eighty-three percent of UM Boomers plan to retire; only 15% say they will not retire. Most will be retired by age 70. Here is how the results break down by gender, age, and jurisdiction.

Do you plan to retire?
  Total
Responses
MaleFemaleEarly
Boomer
Late
Boomer
NC*NE* SC*SE*W*
Yes83% 86% 81% 83% 84% 92% 78% 77% 86% 81%
No15%14%15%15%14% 5%21%22%11%13%
*NC = North Central Jurisdiction; NE = Northeastern Jurisdiction; SC = South Central Jurisdiction; SE = Southeastern Jurisdiction; W = Western Jurisdiction


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