Only 14 Percent Of Americans Expect To Retire Comfortably

According to the Employee Benefit Research Institute’s 22nd Annual Retirement Confidence Survey, just 14 percent of Americans say they are very confident that they’ll have enough money to live comfortably in retirement. The new survey finds retirement confidence at historically low levels due largely to job uncertainty, which ranked highest among the most pressing financial issues facing surveyed participants. Being able to afford healthcare expenses and long-term care costs also ranked high among retirement fears. Current workers expressed more concern about their finances than the already retired, though current retirees relied more heavily on Social Security than current workers expect to. Among current workers, 60 percent report that their total savings and investments, not including their primary home and benefit plans, is less than $25,000. More here.

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