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Most Baby Boomers are Financially Unprepared for a Potential Disability
Date:5/12/2008

e than half of boomers (52 percent) have more than five thousand dollars in non-mortgage debt. A quarter (25 percent) of boomers have more than twenty thousand dollars in debt and nine percent have debt of more than fifty thousand dollars.

"Most baby boomers will face serious financial hardship if a disability occurs," said Humphrey Taylor, Chairman of the Harris Poll.

A memo outlining the survey findings is available here: http://www.ahip.org/content/fileviewer.aspx?docid=23267&linkid=200730. The survey questionnaire can be found here: http://www.ahip.org/content/fileviewer.aspx?docid=23267&linkid=200719.

This is the third in a series of surveys assessing baby boomers' awareness of and knowledge about disability income protection. More information about these surveys is available at http://www.YourIncomeAtRisk.org.

America's Health Insurance Plans - Providing Health Benefits to More Than 200 Million Americans

Harris Interactive conducted an online survey on behalf of AHIP between April 25-29 among a nationwide sample of 3,607 adults aged 18 and older, including 1,182 Baby Boomers aged 44 - 62. Data were weighted to be representative of the total U.S. adult population that is online on the basis of region, age within gender, education, household income and race/ethnicity, and for propensity to go online. No estimates of theoretical sampling error can be calculated; a full methodology is available.


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SOURCE America's Health Insurance Plans
Copyright©2008 PR Newswire.
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