Poll: Many boomers staying put amid bad economy

October 26, 2011 - 3:05 AM

WASHINGTON (AP) — Baby boomers looking ahead to retirement would prefer a home that is affordable, accessible to medical care and close to family over amenities like golf courses and beaches. But an Associated Press-LifeGoesStrong.com poll finds that in today's shaky economy, half of baby boomers think it's unlikely they'll move into a new home in retirement.

The 77 million people born between 1946 and 1964 are increasingly worried about retirement and their finances amid the economic crisis of the past three years. Just 9 percent say they are strongly convinced they'll be able to live comfortably in retirement.

About 6 in 10 boomers say their workplace retirement plans, personal investments or real estate have lost value. Of this group, 53 percent say they'll have to delay retirement because their nest eggs shrank.