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State Fair poll: Men confident, women concerned, about retirement prospects

Gender, age influence feelings about financial future


MINNEAPOLIS (Sept. 7, 2009) – Perhaps men are from Mars and women from Venus after all. Given the genders’ very different feelings toward their retirement prospects, it would seem unlikely that they share the same planet.

According to a survey of 585 adults at the Minnesota State Fair on Sunday, Sept. 6, two in three males (66 percent) said they felt confident about their retirement prospects while nearly three in five females (57 percent) said they felt concerned. The poll, taken at the Thrivent Financial for Lutherans booth, also found that the older the respondent the more likely he or she was to feel confident about the financial future.

Among all poll respondents, 55 percent reported feeling confident about their retirement prospects while 45 percent reported feeling concerned.

Thrivent Financial Question of the Day at the Minnesota State Fair
Which word better describes your feelings about your retirement prospects? (A) Confident (B) Concerned
  • All Respondents: Confident – 55 percent; Concerned – 45 percent
  • Female Respondents: Confident – 43 percent; Concerned – 57 percent
  • Male Respondents: Confident – 66 percent; Concerned – 34 percent
  • Age 18-44 Respondents: Confident – 47 percent; Concerned – 53 percent
  • Age 45-64 Respondents: Confident – 52 percent; Concerned – 48 percent
  • Age 65+ Respondents: Confident – 62 percent; Concerned – 38 percent
“Worry should have no place in our feelings about our retirement years,” said Ann Koplin, Thrivent Financial director of annuity product marketing. “Often what drives people’s pessimism is uncertainty caused by a lack of planning.”

Whether retirement is 45 days or 45 years distant, Koplin says taking control of your finances can provide a brighter tomorrow. “Knowing your financial options can increase your confidence about the future,” Koplin notes. “Whatever your current situation, there are steps you can take to improve your financial security.”

Koplin asserts that even seniors who are already retired can take steps to improve their financial lot. “It’s no longer enough to build one’s retirement assets and ‘hope for the best’ during retirement,” she says. “Today, seniors can assess whether their assets will last as long they do. And that should lead to feelings of financial confidence.”

Thrivent Financial has developed a new service that addresses one of consumers’ greatest worries - running out of money in retirement. The Thrivent Retirement Income Optimizer®* or TRIO®, is a new type of fee-based financial program that helps individuals diversify their assets for growth and income liquidity, build up sources of dependable income and balance current spending with future income needs. For more information, visit www.thrivent.com/trio/.

About the Thrivent Financial Question of the Day at the Minnesota State Fair
The Thrivent Financial Question of the Day at the Minnesota State Fair is a self-administered survey of fair goers from 9 a.m. to 9 p.m. daily at the Thrivent Financial for Lutherans booth (Ramberg Senior Center, Judson Ave. and Underwood St.). Survey results are not weighted to be representative of the U.S. population as a whole.

About Thrivent Financial for Lutherans
Thrivent Financial for Lutherans is a not-for-profit, Fortune 500 financial services membership organization helping approximately 2.6 million members achieve financial security and give back to their communities. Thrivent Financial and its affiliates offer a broad range of financial products and services including life insurance, annuities, mutual funds, disability income insurance, bank products and more. As a not-for-profit organization, Thrivent Financial creates and supports national outreach programs and activities that help congregations, schools, charitable organizations and individuals in need. For more information, visit www.thrivent.com.

*Thrivent Retirement Income Optimizer® (TRIO®) is a fee-based investment advisory service offered by Thrivent Investment Management Inc. Only eligible representatives holding the required licenses and registrations are able to offer TRIO.

Thrivent Financial representatives are registered representatives for securities offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415-1665, 800-THRIVENT (800-847-4836), a registered broker-dealer and investment adviser, and a wholly owned subsidiary of Thrivent Financial for Lutherans. Member FINRA and SIPC. They are also licensed insurance agents of Thrivent Financial.

Insurance, investment products, securities, and trust and investment management services and accounts are not deposits, are not FDIC insured, are not insured by any federal government agency and are not guaranteed by Thrivent Financial Bank. Variable insurance contracts, investment products, securities, and trust and investment management accounts may go down in value. For additional important disclosure information, please visit www.thrivent.com/disclosures.


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Contact Information:
   Brett Weinberg
Director, Public Relations
brett.weinberg@thrivent.com
Phone: (612) 844-4272
   Dave Rustad, APR
Senior Media Relations Specialist
dave.rustad@thrivent.com
Phone: (612) 844-7037
   Stacy Eckes-Borys
Senior Media Relations Specialist
stacy.eckes-borys@thrivent.com
Phone: (920) 628-2445

 

 

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Appleton, WI 54919-0001 USA

Minneapolis Office:
625 Fourth Avenue S.
Minneapolis, MN 55415-1624 USA

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800-THRIVENT
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Insurance products issued by Thrivent Financial for Lutherans, Appleton, WI. Not all products are available in all states. Products issued by Thrivent Financial for Lutherans are available to applicants who meet membership, insurability, U.S. citizenship and residency requirements. Securities and investment advisory services are offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415, a FINRA and SIPC member and a wholly owned subsidiary of Thrivent Financial for Lutherans. Thrivent Financial representatives are registered representatives of Thrivent Investment Management Inc. They are also licensed insurance agents of Thrivent Financial.

Bank products and trust services are offered through Thrivent Financial Bank, (Member FDIC, Equal Housing Lender), a wholly owned subsidiary of Thrivent Financial for Lutherans. Insurance, securities, investment advisory services, and trust and investment management accounts are not deposits, are not guaranteed by Thrivent Financial Bank, are not insured by the FDIC or any other federal government agency, and may go down in value.