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Baby Boomers worry about future retirement expenses

Aging populations have forced communities to take a hard look at whether they are prepared to deal with 77 million retiring Baby Boomers.

By Paula Aven Gladych | Updated on August 10, 2012

As the population of the United States ages, it’s forcing many communities to take a harder look at things like housing, transportation, social services, cultural offerings, and health and wellness programs. To gauge whether individuals and communities are ready to deal with 77 million aging Baby Boomers, the National Council on Aging, UnitedHealthcare and USA Today created The United States of Aging Survey.

The organizations surveyed 2,250 U.S. adults over the age of 60 about how well prepared they were for retirement and getting older. The majority of older Americans, 64 percent, said they don’t have trouble paying their monthly living expenses now, but 24 percent said they weren’t confident their income would last over the next five to 10 years.

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