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Retirement? What Retirement? More Workers Have Gloomy Nest Egg Outlook
Americans' confidence in being able to afford a comfortable retirement has hit an all-time low.
Thanks to tough economic times, state and local budget woes and rough financial markets, more than 1 in 4 Americans currently in the workforce say theyre not at all confident about retirement, an increase of 5% over last year.
And thats a good thing.
At least according to Jack VanDerhei, author of this years Retirement Confidence Survey [RCS], a national poll that the Employee Benefit Research Institute [EBRI] has conducted for 21 years.
At the other end of the spectrum, those who described themselves as very confident also dropped to a record low- just 13%.
According to VanDerhei, who also serves as the company's chief researcher, after 20 years of false optimism, folks are finally waking up to the fact that theyre not saving enough.
Retirement? What Retirement? More Workers Have Gloomy Nest Egg Outlook - FoxBusiness.com
Americans' confidence in being able to afford a comfortable retirement has hit an all-time low.
Thanks to tough economic times, state and local budget woes and rough financial markets, more than 1 in 4 Americans currently in the workforce say theyre not at all confident about retirement, an increase of 5% over last year.
And thats a good thing.
At least according to Jack VanDerhei, author of this years Retirement Confidence Survey [RCS], a national poll that the Employee Benefit Research Institute [EBRI] has conducted for 21 years.
At the other end of the spectrum, those who described themselves as very confident also dropped to a record low- just 13%.
According to VanDerhei, who also serves as the company's chief researcher, after 20 years of false optimism, folks are finally waking up to the fact that theyre not saving enough.
Retirement? What Retirement? More Workers Have Gloomy Nest Egg Outlook - FoxBusiness.com