Americans'look to next administration for retirement help'

Older people in the US are becoming increasingly concerned about the ability they will have to retire comfortable, it has been claimed.

In news that may be of interest to those seeking senior housing, a special edition of the Transamerica Retirement Survey revealed that many were now looking towards the next administration to aid them in achieving a financially secure retirement.

Americans 'look to next administration for retirement help'

According to Market Watch, 45 per cent of adult Americans are now less confident about enjoying their later years than they were 12 months ago.

Meanwhile, only 14 per cent claimed that they were staying positive when it came to this issue.

Catherine Collinson, president of the Transamerica Center for Retirement Studies, noted: "The fears faced by Americans as a result of the current economy are evident in our findings ... It should be noted that the survey was fielded several weeks ago before the historic storm that has struck the financial markets."

She added that since then, Americans are "without a doubt" even less confident.

Elsewhere, the Tennessee Association of Homes and Services for the Aging has called on presidential candidates to remember long-term care when it comes to their discussions on reforming the current healthcare system.

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