Retirement Confidence Declines for Workers, Rises for Retirees
In its 27th annual Retirement Confidence Survey, the Employee Benefit Research Institute discovered that 60% of today's workers feel very or somewhat confident in having enough money to retire comfortably, down from 64% in 2016. Just 18% feel very confident about their financial prospects in retirement, down from 21% in 2016. Moreover, some workers (31%) said they feel mentally or emotionally stressed about their retirement prospects.
By contrast, 79% of today's retirees feel very or somewhat confident about having enough money to live comfortably throughout their retirement years, up from 75% in 2016. Nearly a third (32%) feel very confident. And just 22% recall being worried about their preparations prior to retirement.