US Retirement Confidence Plummets Amid Savings Concerns and Income Challenges.

Retirement confidence in the US has taken the biggest dive in 15 years, with just 64% of workers confident they'll have enough money to live comfortably in retirement, down from 73% in 2022, according to a survey by the Employee Benefit Research Institute (EBRI) and Greenwald Research. Soaring debt and inflation are hurting respondents' ability to save and even forcing some to reconsider their investment decisions, as many worry about a potential recession. Nearly half of workers and a quarter of retirees blame debt as the stumbling block that is putting the kibosh on their ability to save for retirement.