02/04/2014 - One-in-five Americans are expected to be 65 and older by mid-century, and this could be a problem for the country. There is worry that government and household finances may be pushed to the brink by rising pension and health care expenditures. Economic growth, we are warned, might suffer with fewer workers and more retirees. But what does the public think?
It may come as a surprise that the American public is pretty optimistic. In a Pew Research Center survey, only about one-in-four Americans say the growing number of older people is a major problem for the country, nearly two-thirds are confident they will have an adequate standard of living in their old age, and almost one-half say that individuals are primarily responsible for their own economic well-being as they get older.
These opinions differ sharply from public opinion in most of the 20 other countries that we surveyed. Americans are among the least likely to view aging as a major problem; they are more confident than most of their old-age economic well-being; and they are one of few to express in plurality that individuals are primarily responsible for their own well-being in old age.
Read the full article at the Pew Research Center.