More fascinating survey data from the folks at Gallup on the nation’s economic woes comes via this report on how money problems vary by age group here in the U.S.
To no one’s surprise, college costs and student loans are of most concern for the young (highlighted in blue) while health care costs top the list for older Americans (in black), however, overall lack of money (in red) ranks highest when all age groups are included.
One interesting aspect of these results is that concern over the cost of living ranks consistently lower than concern over income (lack of money/low wages), implying that Americans readily conclude their problems stem from too little money coming in rather than too much going out. There is much more in the Gallup report including a breakdown of the same polling by income and how the results have changed over time.
Also, as part of a separate survey we learn that Americans are increasingly worried about being able to retire, though they’re not quite as concerned as they were just a few years ago when the stock market was plummeting and taking with it their dreams of golden years.