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What The Economy Means To Nevada Voters 50+ Key findings from survey conducted July 2012 for HART RESEARCH ASSOTESCIA.

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Presentation on theme: "What The Economy Means To Nevada Voters 50+ Key findings from survey conducted July 2012 for HART RESEARCH ASSOTESCIA."— Presentation transcript:

1 What The Economy Means To Nevada Voters 50+ Key findings from survey conducted July 2012 for HART RESEARCH ASSOTESCIA

2 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 2 Methodology Statewide telephone survey conducted in Nevada July 10 to 16, 2012, among registered voters age 50 and over Total sample sizes: 408 voters age 50 and over (MOE = ±4.9 percentage points), including 122 Boomers – non-retired voters age 50 to 64 (MOE = ±8.9 percentage points) 264 age 50+ Retired voters (MOE = ±6.0 percentage points)

3 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 3 Overview Non-retired Boomers in Nevada feel great economic anxiety across party lines. This is reflected in a new Anxiety Index that measures their worries on such issues as prices rising faster than incomes, health expenses, and retirement security. They also feel that political gridlock negatively affects their economic circumstances. A major driver of economic anxiety is concern over retirement security: 67% believe they will have to delay retirement, 53% worry they won't have a comfortable retirement, and 46% don't think they'll ever be able to retire. This insecurity leads Boomers to conclude that Medicare and Social Security have become even more important for their future.

4 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 4 Overview (continued) This anxiety underscores the importance of strengthening Medicare and Social Security for current and future generations. Voters 50+ believe the next president and Congress will need to act to strengthen Medicare and Social Security for the future, and that both parties will have to come together to find a solution. 50+ voters in Nevada want to know where the candidates stand on Medicare, Social Security, and other vital issues. But they report that the candidates have done a poor job explaining their plans on priority issues, including strengthening Social Security (74%), strengthening Medicare (66%), reducing the budget deficit (72%), and taxes (62%).

5 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 5 Nevada 50+ Voters Financial Outlook: Dissatisfied & Anxious

6 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 6 Three In Four See National Economy In Bad Condition How would you rate the condition of the national economy these days? Very good 1% 75% 24% Bad Nevada voters age 50/over Good Very bad 47%

7 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 7 Nevada Voters 50+ Fairly Satisfied With Their Personal Financial Situation, Though Boomers Less So How satisfied are you with your own financial situation today? Very satisfiedSomewhat satisfied Somewhat dissatisfiedVery dissatisfied 30% 69% 48% 51% Retirees Boomers

8 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 8 However, Nevada Voters 50+ Are Worried About Reaching Financial Goals Looking ahead to the next five years or so, how do you feel about being able to achieve your economic and financial goals? Hopeful/confident Worried/concerned RetireesBoomers

9 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 9 Nevada 50+ Voters Financial Worries Prices rising faster than my income Not having financial security in retirement Having to pay too much in taxes Having health expenses I cannot afford Not being able to retire when I want for financial reasons Having to take care of aging parent/relative Not being able to afford education for self/children Not being able to keep up with mortgage/rent Not being able to get full- time job with benefits Having more credit card debt than I can handle Nevada voters age 50/over who say they worry very/somewhat often about each

10 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 10 Anxiety Index For each one of the top five economic concerns about which they say they are worried, voters are assigned 20 points. A minimum score of 0 reflects no economic anxiety, while a maximum score of 100 indicates a great deal of economic anxiety. The five components of the Anxiety Index are: I am worried about… Prices rising faster than my income Not having enough financial security in retirement Having to pay too much in taxes Not being able to retire when I want for financial reasons Having health expenses I cannot afford

11 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 11 Components Of The Anxiety Index Prices rising faster than my income Not being able to retire when I want for financial reasons Having to pay too much in taxes Not having financial security in retirement Having health expenses I cannot afford Nevada voters who worry very/somewhat often about this:BoomersRetirees 37% of Nevada Boomers are worried about not being able to find a full-time job with benefits.

12 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 12 Nevada Boomers Have Higher Rating On Anxiety Index Retirees Boomers Mean Anxiety Index Score

13 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 13 Two-Thirds Of Nevada Boomers Expect To Delay Retirement Do you think you will end up delaying your retirement to save more money in order to be able to live comfortably in retirement? Will probably have to delay retirement Will not Boomers

14 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 14 Fewer Than Half Of Nevada Boomers Believe They Will Ever Be Able To Retire How confident are you that you will be able to retire at some point? 49% ConfidentJust somewhat/ not confident Very confident 27% Not at all confident 32% Boomers

15 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 15 Nevada Boomers Voice Little Confidence They Will Have Secure Retirement How confident are you that you will have enough money to live comfortably throughout your retirement years? 34% 65% Confident Very 13% Not at all confident 38% 53% 46% Confident Very confident 25% Not at all confident 16% BoomersRetirees Just somewhat/ not confident

16 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 16 Nevada 50+ Voters' Satisfaction With Retirement Savings How satisfied are you with the amount of money you are saving or have saved for retirement? 56% 39% 45% 49% SatisfiedDissatisfiedSatisfiedDissatisfied Very 10% Very dissatisfied 31% BoomersRetirees Very satisfied 22% Very dissatisfied 22%

17 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 17 Two-Thirds Of Nevada Boomers Plan To Rely On Social Security & Medicare Even More Due To Downturn As a result of the recent economic downturn, I am planning to rely even more on Social Security and Medicare to provide economic and health care security in retirement. Boomers DisagreeAgree Men Women Non-college graduates Agree* 66% 72% 79% *Among all Nevada voters 50+

18 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 18 Nevada 50+ Voters And The 2012 Election

19 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 19 Overview Nevada voters 50+ are searching for information, but candidates aren't delivering. Social Security and Medicare remain voting issues of central importance to these voters because of their economic anxiety. Voters 50+ are looking for bipartisan solutions for strengthening Social Security and Medicare.

20 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 20 Nevada 50+ Voters Affected By Economic Downturn And Political Gridlock My personal economic circumstances have been negatively affected by: 76% Negatively affected: Some/a little A great deal 78% Political Gridlock in WashingtonEconomic Downturn of Past 4 Years

21 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 21 Lukewarm Approval For President Obama, High Disapproval For Congress Job Approval of Barack Obama Nevada voters age 50/over ApproveDisapprove -8 Not sure Job Approval of Congress Nevada voters age 50/over Approve Disapprove -76 Not sure Boomers even Boomers -82

22 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 22 Nevada 50+ Voters' Presidential Preference Presidential Trial Heat Voters age 50/over Barack Obama Not sure Mitt Romney includes 2% leaning Romney includes 1% leaning Obama even

23 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 23 Nevada 50+ Voters' Presidential Preference, Among Key Subgroups Obama voters 46% 50% 45% 40% 39% 53% 52% 42% Romney voters 46% 41% 48% 52% 53% 40% 44% 49% Differential: Obama – Romney All voters age 50/over Boomers Retirees Whites Men Women Confidence in Retirement: Confident Not confident Even +9 -3 -12 -14 +13 +8 -7

24 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 24 Preference In Nevada Senate Race Trial Heat for U.S. Senate Voters age 50/over Shelley Berkley Not sure -4 Leaning Berkley Dean Heller Leaning Heller 42% BERKLEY 46% HELLER

25 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 25 50+ Voters Say It's Hard To Find Objective, Reliable Information About Candidates How easy/hard is it to find objective and reliable information about the record and positions of candidates running for office this November? 41% 51% Hard Nevada voters age 50/over Easy Very hard 24% Very easy 19% Obama voters Uncommitted Romney voters Hard to find reliable information 49% 60% 51%

26 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 26 Candidates Not Doing Good Job Explaining Their Plans For Addressing Key Problems Strengthening/reforming Social Security Reducing the budget deficit Strengthening and reforming Medicare Improving public education Strengthening the economy/creating jobs Taxes Improving health care How good a job have the presidential candidates done explaining their plans on these issues? Very/fairly good jobNot so good/poor job Nevada voters age 50/over

27 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 27 Limited Confidence In Social Security Among Nevada 50+ Voters How confident are you that Social Security will be there for you and for future generations? Boomers Retirees Very confidentSomewhat confident Not very confidentNot at all confident 42% 58% 45% 54%

28 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 28 Strengthening Social Security Is Critical For Economic Security The next president and Congress need to strengthen Social Security so that it is able to provide retirement security for future generations. Nevada voters age 50/over 94% Social Security is critical to the economic security of seniors. Somewhat agree Disagree Strongly agree 94% Obama voters Uncommitted Romney voters Men Women Strongly agree 87% 77% 72% 77% 81% Total agree 97% 93% 92% 93% 95% Obama voters Uncommitted Romney voters Men Women Strongly agree 87% 84% 75% 78% 85% Total agree 96% 95% 92% 91% 97% Nevada voters age 50/over

29 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 29 Broad Interest In Candidates' Plans For Social Security All Nevada voters age 50/over Boomers Retirees Democrats Independents Republicans Whites How helpful would learning the candidates' plans on strengthening and reforming Social Security be in your presidential vote decision? Very helpfulFairly helpful 66% 65% 70% 50% 67% 69% 68%

30 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 30 Nevada 50+ Voters Are Divided On Medicare's Future How confident are you that Medicare will be there for you and for future generations? Boomers Retirees Very confidentSomewhat confident Not very confidentNot at all confident 49% 47% 50%

31 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 31 Strong Commitment To Medicare Among 50+ Voters In Nevada Medicare is critical to maintaining the health of seniors. Voters age 50/over 92% The next president and Congress need to strengthen Medicare so that it is able to provide health coverage in retirement for future generations. Somewhat agree Disagree Strongly agree 93% Voters age 50/over Obama voters Uncommitted Romney voters Men Women Strongly agree 85% 81% 75% 76% 84% Total agree 94% 90% 91% 90% 94% Obama voters Uncommitted Romney voters Men Women Strongly agree 84% 71% 72% 83% Total agree 96% 95% 88% 96%

32 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 32 Broad Interest In Candidates' Plans For Medicare How helpful would learning the candidates' plans on strengthening and reforming Medicare be in your presidential vote decision? Very helpfulFairly helpful All Nevada voters age 50/over Boomers Retirees Democrats Independents Republicans Whites 64% 71% 52% 61% 64%

33 What the Economy Means to Nevada Voters 50+ – July 2012 – Hart Research/GS Strategy for AARP 33 Nevada 50+ Voters Looking For Bipartisan Solution For Social Security And Medicare Finding a long-term solution for Social Security and Medicare is too big a problem for either party to fix. Instead, Republicans and Democrats need to come together to find a solution to strengthen Social Security and Medicare for future generations. Voters age 50/over Demo- crats Strongly agreeSomewhat agree Disagree 93% 97% 86% Inde- pendents Repub- licans Obama voters Romney voters 90% 97% 88%

34 What The Economy Means To Nevada Voters 50+ Key findings from survey conducted July 2012 for HART RESEARCH ASSOTESCIA


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