Recent survey findings suggest that where you live may influence your readiness to retire. The New Retirement Mindscape® 2010 City Pulse index examined the 30 largest U.S. metropolitan areas to determine where consumers are the most prepared for and confident about retirement.
Metropolitan areas were scored based on responses to a national survey which measured consumers’ likelihood to have determined the amount of money they need to save for retirement and their actual saving habits. The index also takes into account if people have planned for a variety of activities during retirement and expressed confidence about achieving their retirement goals.
The New Retirement Mindscape 2010 City Pulse indexwas created by Ameriprise Financial utilizing survey responses from 10,028 U.S. adults ages 40-75. The survey was commissioned by Ameriprise Financial, Inc. and conducted online by Harris Interactive from September 28 to October 11, 2010. The national average sample and the 30 U.S. metropolitan areas were each weighted independently to best represent each area. Propensity score weighting was also used to adjust for respondents' likelihood to be online.