Contact: Kevin Langin, 402-602-3541
Release Date: October 10, 2018
- First National Bank of Omaha Unveils Findings From 'Retirement in America' Survey
OMAHA, Neb. October 10, 2018—In recognition of National Financial Planning Month, which takes place every October, First National Bank of Omaha today released the results of its 2018 Retirement in America Survey. An inaugural initiative, the survey examined Americans’ plans, behaviors and decisions on an array of retirement-related matters—from saving to investing to paying off debts to staying informed and more.
The study found that 39% of people who have yet to retire have not started saving for retirement. In addition, 69% have not calculated how much money they will need for retirement, while 65% prioritize getting out of debt over investing for retirement.
“Many Americans—retirees themselves as well as people who have yet to retire—are not taking all the steps they can that will ultimately allow them to make the most of their golden years,” said David Janus, senior vice president, Wealth Management, First National Bank of Omaha. “The reality is that the earlier you start planning, saving and thinking about retirement, the more you’ll be thanking yourself down the line.”
Among the survey’s findings:
This report is a follow-up to First National Bank of Omaha’s Mortgage and Money Survey, which found that 61% of Americans who have taken out a mortgage in their lifetime have yet to pay it off.
The study was conducted online using Survey Monkey. Over a thousand participants were polled, spanning across the United States. Participants were all over the age of 18 and represented a broad range in income, geographic location and gender.