Dem, GOP Boomers Agree: Health Care Is The Top Worry
The survey found 79 percent of Republicans had begun their retirement savings prior to age 50. Only 71 percent of independents and 69 percent of Democrats said the same.
In addition, only 12 percent of Republicans surveyed said they had not yet begun saving for retirement. Higher numbers of Democrats and independents -- 19 percent for both groups -- reported not yet putting away money for retirement. Those with no political preference were most likely to have failed to put money aside for retirement, with more than one in five saying they had yet not begun saving.
While nothing seems to highlight differing philosophies quite like a presidential election, the Allianz survey shows there is common ground between those of both parties when it comes to the some of the challenges facing individuals nearing retirement age. Regardless of this election's outcome, the need for workers to plan carefully for retirement appears unlikely to diminish.
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