This year’s study shows that Americans worry about their financial safety net. The possibility of outliving one’s savings is a serious fear in the United States. In fact, when asked about Social Security, a whopping 30% of Americans believe it is not at all likely to be available when they need it.
According to Northwestern Mutual’s research:
· Three in ten U.S. adults believe there is greater than a 50% chance they will outlive their savings.
· More than one in ten think there is a 100% chance their savings will run out someday.
· Once in four Americans are unsure if their savings will last.
· More than half say they have not taken any steps to address the risk of outliving their savings.
You may be surprised to learn that an elder law attorney can help you plan your financial future. We can discuss little-known options about planning for long-term care, and offer strategies that can help preserve your savings and protect your legacy for your family. Contact us for a free consultation.
According to Northwestern Mutual’s research:
· Three in ten U.S. adults believe there is greater than a 50% chance they will outlive their savings.
· More than one in ten think there is a 100% chance their savings will run out someday.
· Once in four Americans are unsure if their savings will last.
· More than half say they have not taken any steps to address the risk of outliving their savings.
You may be surprised to learn that an elder law attorney can help you plan your financial future. We can discuss little-known options about planning for long-term care, and offer strategies that can help preserve your savings and protect your legacy for your family. Contact us for a free consultation.
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