Gallup Poll Indicates that Eighty Percent of Annuity Owners Have Incomes Less than $100,000

Findings from a recent Gallup poll suggest that annuity ownership in the United States is dominated by middle-income households and individuals.

Eighty percent of annuity owners have income of less than $100,000, while only four percent of annuity owning households have incomes in excess of $200,000.

Other poll findings include:

• Almost half of the respondents have household income less than $50,000.
• Seven out of ten annuity owners are retired.
• The average age of annuity owners is 70.
• Women comprise the majority of owners at 58%.
• Seventy five percent of annuity owners will use the annuity to fund their retirements.
• Eighty three percent of respondents find the longevity insurance features to be important.

Source: Bank Investment Consultant

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