Survey Revealed Gaps in American Retirement Planning
A new report found that only 20% of U.S. adults currently maintain a defined retirement strategy.
Updated on Oct. 13, 2026 in Retirement Planning
Live Poll
Do you feel confident that your current financial planning is sufficient for a secure retirement?
A survey conducted by MDRT found that just 19% of Americans feel very prepared for retirement, while only 20% have a formal plan in place. Rising living costs remain the most significant barrier for individuals attempting to prepare for their post-work years.
Why it matters
The findings highlight widespread financial insecurity as a majority of Americans identify economic headwinds as a primary obstacle to long-term saving. The data suggests that many workers are approaching retirement age without professional guidance or structured preparation.
A survey of 2,000 U.S. consumers shows that 51% identify the rising cost of living as their primary obstacle to retirement, while 33% cite healthcare costs. Additionally, 23% of respondents expect to retire between the ages of 60 and 64.
The players
MDRT
MDRT is a professional association based in Park Ridge, Illinois, that provides resources and standards for financial services professionals.
The details
The report underscores that financial preparedness is hindered by both immediate economic pressures and a lack of access to professional advice. According to the findings, 33% of those who believe they will never retire are Millennials, while 30% are members of Generation X.
Timeline
The survey fieldwork took place from July 7 to July 8, 2026.
MDRT published these findings on October 13, 2026.
Market Dynamics
The survey results were weighted according to the 2020 U.S. Census to accurately reflect the national population. This methodology ensures the findings align with established demographic benchmarks for the U.S. workforce and retiree population.
These findings suggest that many Americans may need to prioritize consulting with financial advisors to address gaps in their current savings strategies. Identifying specific obstacles like healthcare costs and living expenses can help individuals adjust their personal savings targets and portfolio allocations.
The takeaway
Many Americans are currently managing retirement planning without professional advice, which may exacerbate future financial vulnerabilities. Implementing a defined savings strategy early can help mitigate the impact of rising costs on long-term stability.
Further reading
For more context on long-term savings, visit the Retirement Planning section.
More information
To learn more about the survey findings, visit the MDRT official association website.
Live Poll
Do you feel confident that your current financial planning is sufficient for a secure retirement?
