Of concerns about aging and retirement, running out of money is the top overall worry for middle and upper-middle-income Americans, while suffering an illness or disability that would require chronic care is 3rd on the list.

Even though it’s not their top issue, the vast majority of consumers are concerned about suffering a chronic condition as they age.  The concern is most significant among younger and higher-income groups.

Across age and income groups, consumers fear the expense of needing chronic care.  Younger consumers fear not being able to stay active.

On average, consumers predict they have a 38% chance of needing chronic care with those in their 30s being more likely than older age groups to say they will need chronic care.  It’s more likely younger consumers experience with family members needing chronic care.

Nearly half are unsure of how long they would need chronic care, but only one quarter think they will need chronic care for two years or more.