Seniors rank as most financially secure, Andrew Biggs notes

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Parshwa Turakhiya

29.05.2026

Seniors rank as most financially secure, Andrew Biggs notes — Fed survey finds seniors most secure

Andrew Biggs highlights recent findings from the Federal Reserve's Survey of Household Economics and Decisionmaking, indicating that seniors are currently the most financially secure age group. Less than one in twenty seniors report that they are finding it very difficult to get by.

The data calls into question widespread concerns of a retirement crisis, according to the survey.

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Earlier this year, Biggs cited Gallup survey results showing that 82% of U.S. seniors believed they had enough money for a comfortable retirement. His review of the Gallup data disputed concerns of an imminent retirement crisis. The findings align with recent Federal Reserve data on senior financial security.

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