Retirement Anxiety on the Rise in the US.
TL;DR
A survey conducted in the US has revealed that workers and retirees are losing faith in their ability to have enough money to live comfortably through retirement, with 64% of those still working feeling confident about their financial prospects during retirement, down from 73% last year. The decline is attributed to high inflation and last year's stock-market decline. Only 18% of surveyed American workers feel very confident, down from nearly 30% a year ago.
Topics:businessfinance#american-workers#finance#financial-prospects#inflation#retirement#stock-market-decline
- Americans Losing Faith They Will Have Enough Money for Retirement The Wall Street Journal
- Retirees relying on 401(k) income face retirement challenges Axios
- Where Did Americans' Savings Go? CNBC
- Retirement confidence in the US tanks by largest margin since the Great Recession Yahoo Finance
- Why is everyone so worried about retirement? We're feeling like 2008 again. MarketWatch
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Read on The Wall Street Journal