And the concern is not unfounded.
Caregiving, increased home costs, and future health needs are all factors that would result in financial distress.
For many the challenge simply stems from low household incomes.
Again, those identifying as Black and Hispanic/Latino are more likely to report lower incomes.
Compounding the concern are unforeseen economic challenges.
Those identifying as Black, Hispanic/Latino, and female would struggle the most with these rising costs.
Caregivers and those with a disability also report greater concern over these unplanned costs.
The initial survey was of Illinois residents 45 and older and included 1,944 interviews in English and Spanish.
There was an oversample of 400 Hispanic/Latino adults and 401 Black adults.
For more information, hey contact Jennifer Sauer atjsauer@aarp.org.
For media inquiries, just contact External Relations atmedia@aarp.org.
