New Research Finds That Low to Middle Income Adults Over 50 LMI 50+ Face Financial Difficulty
New Research Finds That Low- to Middle-Income Adults Over 50 (LMI 50+) Face Financial Difficulty What We Do
Redesigning the Financial Roadmap for the Low-to-Moderate Income 50 Segment
New Challenges and Opportunities
PeopleImages via Istock Understanding the Financial Health of Low-to-Moderate Income Adults
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(PDF) (PDF) Redesigning the Financial Roadmap for the LMI 50+ Segment: New Challenges and Opportunities, an informative new report written by CFSI (Center for Financial Services Innovation) and funded by AARP Foundation, underscores the difficult financial situation facing many older adults in America, especially those in the low- to moderate-income range. Key Findings: 83% (42 million) of the estimated 50 million low- to moderate-income adults over age 50 are struggling with some or all components of their financial lives. 39% of LMI 50+ have unmanageable debt. Many of the LMI 50+ aren’t adequately protected from medical shocks. Many LMI 50+ are unable to completely retire, and those who do still struggle to be financially healthy. Family obligations affect the household finances of the LMI 50+ in positive and negative ways. Cancel You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits. Your email address is now confirmed. You'll start receiving the latest news, benefits, events, and programs related to AARP's mission to empower people to choose how they live as they age. You can also by updating your account at anytime. You will be asked to register or log in. Cancel Offer Details Disclosures
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New Research Finds That Low to Middle Income Adults Over 50 LMI 50+ Face Financial Difficulty | Trend Now | Trend Now