Today's conventional wisdom may say Americans are worried about retirement, but an increasingly sizable percentage of consumers may not be doing much about it. According to the New Retirement Mindscape 2012 City Pulse index, a survey released last week by Ameriprise Financial, only 70 percent of U.S. consumers report preparing for retirement. That's the lowest level recorded by the index in the past three years. However, there were some bright spots in the survey, which surveyed consumers between the ages of 45 and 70. Residents of some metro areas reported higher than average levels of retirement preparedness and confidence. Hartford-New Haven topped the ranking of 30 metro areas, while Washington D.C. fell to the bottom spot.
Top metro areas for retirement readinessThe index polled consumers from the 30 largest metro areas in the United States to determine which residents were most prepared and most confident in their ability to retire. These five metro areas formed the top of the 2012 rankings.
- Hartford-New Haven
- San Diego
- Minneapolis-St. Paul
- San Francisco-Oakland-San Jose
Election issues surveyedIn addition to retirement preparedness and confidence, the index surveyed consumers on issues surrounding the upcoming presidential election.
Consumers appear to be keyed into several issues that could impact their retirement readiness. According to the index survey, a significant percentage of respondents note that candidate positions on the following issues are likely to influence their vote.
- Health care: 60 percent
- Social Security: 55 percent
- Taxes: 53 percent
- Medicare: 52 percent
- Unemployment: 41 percent