A new study from Bankers Life and Casualty Company Center for a Secure Retirement (CSR) found that the top three concerns of middle-income baby boomers when it comes to retirement include health care expenses, outliving their money, and inflation.
The CSR's Middle-Income Boomers, Financial Security and the New Retirement surveyed 500 middle-income Americans between ages 47 and 65 with income between $25,000 and $75,000.
According to the study, 95 percent of boomers have financial concerns about retirement, particularly around health care (80 percent), and are taking drastic measures to cut costs.
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