A Pew Research Center survey reveals how income levels can affect someone’s physical health, social life and even cognitive skills in retirement.
Financial well-being can have an outsize imprint on older Americans’ quality of life, affecting their physical health, social life and even cognitive skills, new research shows.
Low-income seniors are more likely to experience mental confusion, spend less time pursuing hobbies, and face difficulties with everyday tasks such as climbing stairs and grocery shopping, compared with their more affluent counterparts, according to survey results released Thursday from Pew Research Center. And just 21 percent are highly confident of having enough money in retirement.
The research underscores how differently retirement can play out for people on opposite sides of the income scale, at a time when the youngest baby boomers — those born between 1946 and 1964 — are transitioning out of the workforce.
“Income is central to how Americans are experiencing and thinking about aging,” said Luona Lin, the lead author of Pew’s report.
Read the full article: What a poll of 9,000 adults reveals about aging in America (WaPo)