Poll: Ex-cons more anxious than most about retirement funds
Posted May 05, 2017 7:00 am
CHICAGO (AP) - A new survey finds that 69 percent of older Americans who report having been incarcerated feel anxious about the amount of money they have saved for retirement.
That's compared with 52 percent of those who haven't served time. One reason is that those who have served time have fewer sources of income.
The poll by The Associated Press-NORC Center for Public Affairs Research finds that older Americans who were incarcerated are less likely to have income from Social Security, retirement accounts or a pension. And they are more likely to rely on disability payments.
More than half say they worry that the money they do have for retirement won't last over their lifetimes. And 1 in 4 don't plan to retire, about the same as the general population.
In this photo taken April 20, 2017, Joseph Rodriguez returns to his sister's home in Chicago. The 51-year-old Chicagoan spent 35 years in prison for killing two people in a shooting when he was a teenager. A new poll says nearly 7 in 10 older Americans who spent time in prison are anxious about the amount they have saved for retirement. The survey says they are less likely to have income from Social Security, retirement accounts or a pension and more likely to rely on disability payments. More than half worry that the money they do have for retirement won't last over their lifetime. (AP Photo/Charles Rex Arbogast)
The Associated Press
In this photo taken April 20, 2017, Joseph Rodriguez looks over his devotional book in his sister's home in Chicago. The 51-year-old Chicagoan spent 35 years in prison for killing two people in a shooting when he was a teenager. A new poll says nearly 7 in 10 older Americans who spent time in prison are anxious about the amount they have saved for retirement. The survey says they are less likely to have income from Social Security, retirement accounts or a pension and more likely to rely on disability payments. More than half worry that the money they do have for retirement won't last over their lifetime. (AP Photo/Charles Rex Arbogast)
The Associated Press
In this photo taken April 20, 2017, Joseph Rodriguez poses for a portrait in his sister's home in Chicago. The 51-year-old Chicagoan spent 35 years in prison for killing two people in a shooting when he was a teenager. A new poll says nearly 7 in 10 older Americans who spent time in prison are anxious about the amount they have saved for retirement. The survey says they are less likely to have income from Social Security, retirement accounts or a pension and more likely to rely on disability payments. More than half worry that the money they do have for retirement won't last over their lifetime. (AP Photo/Charles Rex Arbogast)
The Associated Press
In this photo taken April 20, 2017, Joseph Rodriguez talks on the phone as his great nieces play nearby on the porch of his sister's home in Chicago. The 51-year-old Chicagoan spent 35 years in prison for killing two people in a shooting when he was a teenager. A new poll says nearly 7 in 10 older Americans who spent time in prison are anxious about the amount they have saved for retirement. The survey says they are less likely to have income from Social Security, retirement accounts or a pension and more likely to rely on disability payments. More than half worry that the money they do have for retirement won't last over their lifetime. (AP Photo/Charles Rex Arbogast)
The Associated Press
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