RETHINKING RETIREMENT - OHIO

Time to rethink retirement

25% of Ohio voters surveyed have no retirement savings
Download the infographic PDF Download the infographic PDF

Retirement trajectory

83%
of Ohio registered voters plan to retire
65
is the average expected retirement age
$2.23
million is the average expected amount of savings needed for retirement
75%
of those not planning to retire say it is because they will be unable to afford it

Retirement savings

  • 65% of Ohio registered voters are concerned about not having enough money to take care of long-term care expenses, such as nursing home costs, throughout retirement
  • 69% are concerned about not being able to maintain their standard of living throughout retirement
  • 66% are concerned about having inadequate savings or investments to fund needs in retirement

Retirement savings

89% of Ohio registered voters think there is currently a retirement savings crisis in America. Only 28% of Ohio registered voters are extremely or very confident they will have enough money to live on throughout the retirement years. How much have you currently saved for retirement? 

Ohio retirement savings info-graph

Top demographic groups with no retirement savings

Ohio top demographic Chart

Emergency savings

  • Only 44% of Ohio registered voters have more than $10,000 readily available in savings
  • 21% do not have any readily available savings (e.g., in cash, or a checking, savings or money market account)