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Deja Vu All Over Again With Respect to Retirement Sentiment
The “Great Recession” of a decade and a half ago produced a chilling effect on many folks’ retirement thinking, with many market-based savings plans–401ks in particular–taking a brutal hammering. If you were already in retirement, or at the threshold of taking that step, it was a time of “edge-of-the-seat” anxiety as balances rapidly drained. It took a long time for one’s retirement plan to recover, especially for those who were able to ride out the storm. And, for many, here we are again, as shown in the results of the 2023 Retirement Confidence Survey conducted by the Employee Benefit Research Institute (EBRI) and Greenwald Research. Reuters contributor Mark Miller provides a recap of these survey results in a post wtvbam.com, which you can access here…