More than 7 in 10 Americans nearing retirement say they are terrified of what health care costs may do to their retirement plans, according to the sixth annual Nationwide Retirement Institute survey conducted by Harris Poll. Nearly 3 in 4 older adults say one of their top fears in retirement is out-of-control costs for health care.
"Year after year Americans cite health care costs as a major source of anxiety, particularly as they approach retirement," said John Carter, president of Nationwide's retirement plans business. "However, in our sixth annual survey, we are seeing more fear and uncertainty than ever. Americans know changes are coming and they don't have a clear sense yet of what health care costs will look like in the future, and that is adding to the uneasiness people were already feeling about this important issue."
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