Health and Retirement: Planning for the Great Unknown
A Merrill Lynch Retirement Study, conducted in partnership with Age Wave
Health is the most important ingredient for a happy retirement, according to 81% of retirees. Meanwhile, paying for health care costs is Americans' greatest financial concern. This new study explores three major forces that are redefining how individuals plan for health in retirement, including an empowered baby boomer generation of health care consumers, the potential rise of chronic disease due to longer life spans, and how longevity is causing health and wealth to converge like never before.
Key insights from the study also include:
- The double threat of health challenges to retirement financial security
- Five critical health care conversations couples and families should be having—but often aren't
- Important enhancements to our health care system needed to prepare for an aging population
- Four unique "Boomer HealthStyles," defining different approaches boomers are taking to managing their health and preparation for health care expenses
This is the fourth in a series of landmark studies conducted in partnership with Age Wave to help better understand the new retirement realities people are facing across seven life priorities. The study is based on a nationally representative survey of more than 3,300 respondents. To learn more about the findings, download the study here.
Visit ml.com/retire for more insights on retirement from Merrill Lynch.
Age Wave is not affiliated with Bank of America Corporation.