Retirement Tops List of Financial Worries

older man looking at top retirement worry on digital device

What are your top financial worries? A Gallup poll a few years ago put that question to Americans when it seemed that most of us were worried about funding our retirements. Nearly 60 percent of those surveyed said they were “very or moderately worried” about not having enough money for retirement.

Those worries persist, with a more recent Gallup poll update showing these financial concerns about retirement edge out having enough money for a medical emergency among those who are not yet retired.

The top five financial concerns that had folks very or moderately worried are:

  •          58%  Not having enough money for retirement
  •          58%  Not being able to pay medical costs in the event of a serious illness or accident
  •          44%  Not being able to pay medical costs for normal healthcare
  •          43%  Not being able to maintain the standard of living you enjoy
  •          40%  Not having enough money to pay for your children's college

These results didn’t surprise me. I work to educate people every day about managing money and budgets. What I see in these results is that financial education can help to reduce this worry.

And that’s why I love what I do. Together with my team, we visit companies and organizations to provide free financial planning on a number of these issues. And because Hanscom FCU is a nonprofit organization, we have no agenda to sell you products. The goal of our seminars is to hear your questions and get you answers. We offer strategies to help you reach your financial goals.

Retirement planning is one of the most popular topics at our Lunch and Learn seminars. We can deliver lunch to your workplace and spend an hour discussing (virtually) the topic and answering questions — and it won't cost you a dime. Our popular Lunch and Learn topics include:

  •          Property investment
  •          Building a budget
  •          Protecting your identity
  •          Women and investing
  •          Estate planning


Credit unions have long prided themselves on being a neutral source for financial education. We are no exception. Helping people understand money management is what I do. If you are interested in learning more about our Lunch and Learn programs, let’s talk.


Get free financial education at our upcoming webinars and seminars

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About Author

Maria Porto
Maria Porto

Maria Porto is Hanscom FCU's assistant vice president of partner relations. She may be reached at

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