Metro Atlantans age 55 and older are more likely than their peers in seven other major U.S. metro areas to say they feel less financially secure than they did one year ago, a new survey from AIG Life and Retirement found.
This year, 61 percent of people in metro Atlanta who were surveyed said they’re feeling less secure, compared to 54 percent nationwide.
Only one in five metro Atlantans surveyed said they are prepared to be financially independent during retirement, while 55 percent they feel less prepared to retire than they did last last year.
The survey was done by AIG with Age Wave, a company specializing in generational issues. More than 3,400 Americans were surveyed.
The study determined that, overall, Americans age 55 and older are more cautious than they were before. Their caution hasn’t slipped despite a gradually improving economy, and they’re focused on spending less, investing cautiously and trimming debt.
Among metro Atlantans, 62 percent said they are working harder to cut their debt _ that was the highest percentage among cities.