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AARP Financial Inc. Survey Finds: Vast Majority of Families Struggle With Financial Implications of a Life Crisis
Date:3/31/2009

he financial considerations of a life crisis. They can be reached at 1-866-442-0368.

About the Survey

The survey of 1,200 adults age 40-79 looked specifically at the financial impact of four major life events: death of a spouse, divorce, long-term job loss (more than six months) and the very serious illness or disability of self, a spouse/life partner or of a child. It was conducted by telephone from October 9 to November 8, 2008 by the Boston Research Group, a market research and consulting firm that specializes in financial services. The margin of error for the sample of 1,200 respondents is plus or minus 2.8 percentage points. The survey research findings were confirmed through a qualitative research component, one-on-one interviews conducted in February 2009.

Among survey respondents, 18% said that they or their spouse had experienced a job loss of six months or more, 29% had been divorced, 10% had lost a spouse, 24% said they or a spouse had endured a very serious illness or long-term disability, and 7% had experienced the very serious illness or disability of a child.

About AARP Financial Inc.

Founded in 2005, AARP Financial Inc. is a wholly owned taxable subsidiary of AARP.

AARP Financial Inc. is dedicated to helping people age 50 and over prepare for a more secure financial future by providing access to products and services designed to help meet their retirement needs and supporting them with clear information and guidance. Visit us at www.aarpfinancial.com for more information.

AARP Financial provides access to a carefully chosen array of investment products and guidance, including mutual funds from AARP Financial, designed to meet the needs of investors at any life stage; auto and home insurance through The Hartford; credit cards through Chase; life
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SOURCE AARP Financial Inc.
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