Pre-retirees and those in retirement have one thing in common, based on recent surveys: rising levels of anxiety about retirement.
Some Americans in their 50s and 60s are also shouldering caregiving costs for parents or spouses, plus financial support for their adult children.
Many worry they’ll incur sizable health and long-term-care expenses themselves. Fidelity estimates that a 65-year-old retiring in 2025 can expect to spend $172,500, on average, on health costs in retirement. And “savings can quickly be wiped out when long-term care needs arise,” said Natalie Kean, Justice in Aging’s director of federal health advocacy, at a recent Alliance for Health Policy conference in Washington, D.C.
