Global Atlantic’s 2025 Retirement Outlook Survey: Anxiety Surrounds Retirement Security
New York, NY – In a recent survey conducted by Global Atlantic Financial Group, a leading insurance company specializing in retirement and life insurance solutions for individuals and institutions, mounting anxiety was reported among investors aged 55 to 75 with investable assets between $250K and $2M. The survey, comprised of those working with a financial professional, sheds light on the growing concerns surrounding retirement security.
Key Findings from the Survey
The survey revealed that 73% of respondents expressed concerns about outliving their savings, while 69% expressed anxiety about market volatility affecting their retirement savings. Moreover, 57% of those surveyed reported that they were not confident they would be able to maintain their current standard of living during retirement.
Impact on Individuals
These findings underscore the importance of proactive retirement planning and the need for individuals to work closely with their financial professionals to address their concerns and ensure they are on track for a secure retirement. According to the survey, only 42% of respondents reported having a retirement income strategy in place. This figure highlights the need for a more comprehensive approach to retirement planning.
Impact on the World
The retirement insecurity reported in the survey is not an isolated issue but rather a reflection of broader trends in the global economy. With an aging population and increasing life expectancy, the financial burden of retirement is becoming a pressing concern for governments and societies worldwide. According to the United Nations, the global population aged 60 and above is projected to reach 2.1 billion by 2050, up from 900 million in 2015.
Governments and financial institutions must work together to address the retirement security challenge. This could involve implementing policies that encourage individuals to save more for retirement, such as automatic enrollment in retirement savings plans or increasing the contribution limits. Additionally, innovative financial solutions, such as annuities, could help individuals secure a steady income stream during retirement.
Conclusion
The Global Atlantic 2025 Retirement Outlook Survey serves as a reminder that retirement security is a pressing concern for many individuals, particularly those nearing retirement age. The survey’s findings underscore the importance of proactive retirement planning and the need for individuals to work closely with their financial professionals to address their concerns and ensure they are on track for a secure retirement. Moreover, the survey highlights the need for governments and financial institutions to work together to address the retirement security challenge on a broader scale.
- Individuals must take a proactive approach to retirement planning and work closely with their financial professionals to address their concerns and ensure they are on track for a secure retirement.
- Governments and financial institutions must work together to address the retirement security challenge on a broader scale.
- Innovative financial solutions, such as annuities, could help individuals secure a steady income stream during retirement.
