GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you might read more about oureditorial guidelinesand our products and servicesreview methodology.
20 YearsHelping You Live Richer
Reviewedby Experts
Trusted byMillions of Readers
Retirementis on the minds of many Americans.
The Transamerica Center for Retirement Studies asked over 5,700 middle-class adults what they think about retirement.
Heres a list of the top retirement issues that middle-class Americans care about most.
These are the things they really want Congress,and the next president whoever wins to fix.
A resounding 65% of survey respondents felt this way.
This cornerstone of American retirement has been a source of growing anxiety for years.
Reports say that if nothing changes, by 2033, it wont be able to payall promised retirement benefits.
Everyone seems to agree this is a big problem.
But so far, neither Republicans nor Democrats have fixed it.
The baby boomer generation is entering retirement en masse, and the strain on Medicare has never been greater.
By 2036, there might not be enough money to pay forall the hospital and nursing home careit promises.
The next administration will need to explore ways to reduce healthcare costs so that Medicare can stay funded.
Making Healthcare More Affordable
Its not just Medicare.
Middle-class Americans are worried about the cost of all healthcare.
Out-of-pocket expenses and prescription drug costs have become outrageously expensive.
Half of those surveyed want the next president to work with Congress to lower these costs.
The next president will face pressure to bring these costs down.
This could involve negotiating drug prices, expanding coverage options or promoting transparency in healthcare pricing.
Americans want solutions that will allow them to get the healthcare they need without depleting their retirement savings.
This means theyre at a big disadvantage when it comes to building their retirement savings.
47% of the Americans surveyed want the next president to help fix this problem.
They realize they never learned how to handle money well.
The next president could help by developingfinancial literacy programsin schools.
This could include lessons on topics like budgeting, saving, investing and more.
This would empower the next generation to make informed financial decisions throughout their lives.
This is making it harder for middle-class retirees to keep the standard of living theyre used to.
More From GOBankingRates
Share This Article:
