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Fears About Growing Older
UM Boomers were asked to choose two of the following fears about growing older:
Fears About Growing Older
| | Total Responses | Male | Female | Early Boomer |
Late Boomer | NC* | NE* | SC* | SE* | W* |
| Not having enough money to live on | 23% | 21% | 25% | 25% | 22% | 21% | 19% | 29% | 25% | 24% |
| Losing sense of purpose | 14% | 14% | 13% | 15% | 12% |
12% | 14% | 15% | 15% | 10% |
| Being a burden to family | 19% | 21% | 17% | 18% | 19% |
11% | 24% | 18% | 22% | 16% |
| Not leaving my children an inheritance | 0% | 1% | 1% | 1% | 0% |
0% | 1% | 1% | 0% | 1% |
| Living in a nursing home | 9% | 10% | 8% | 8% | 10% |
14% | 6% | 10% | 5% | 12% |
| Dying | 3% | 2% | 4% | 3% | 4% |
4% | 3% | 4% | 0% | 4% |
| Failing health | 42% | 46% | 40% | 42% | 43% |
46% | 43% | 39% | 39% | 47% |
| Death of spouse | 24% | 26% | 23% | 23% | 26% |
26% | 29% | 21% | 22% | 22% |
| Losing my independence | 27% | 23% | 30% | 28% | 27% |
28% | 28% | 23% | 27% | 31% |
| Memory loss | 15% | 12% | 18% | 15% | 20% |
13% | 14% | 18% | 15% | 12% |
| Other | 4% | 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 | Male | Female | Early Boomer |
Late Boomer | NC* | NE* | SC* | SE* | W* |
| Yes | 83% | 86% | 81% | 83% | 84% | 92% | 78% | 77% | 86% | 81% |
| No | 15% | 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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