A new national survey by Hartford insurer The Hartford Financial Services Group and Massachusetts Institute of Technology’s AgeLab reveals that men and women worry about vastly different aspects of retirement.
The survey found men worry predominantly about being bored during retirement, while women stress out about such menial things as the purchasing power of their saved dollars over time, rising health care costs and outliving their savings.
“While our research shows that men worry more about having enough to do in later life, aging is a woman’s world,” said Dr. Joseph Coughlin, founder and director of the MIT AgeLab. “She is likely to outlive her male counterpart, remain active longer and be responsible for caring for him and others – so it only makes sense that she is more worried about how she is going to live than about what she is going to be doing.”
The survey, dubbed “Why Women Worry,” is part of a series of retirement-related research findings being published by The Hartford and MIT AgeLab.