Latest News
EBRI Retirement Confidence Survey Spotlights Delining Retirement Confidence
Inflation and Social Security’s unstable financial trajectory emerged as key indicators of declining retirement confidence among U.S. workers and retirees, according to the Employee Benefit Research Institute’s (EBRI) 36th Annual Retirement Confidence Survey. The report’s “Key Findings” section opens with this comment: “Fewer Americans feel confident about having enough money to live comfortably in retirement, with only three in five workers and three in four retirees reporting confidence.” The adequacy of personal savings and the devastating effects of inflation were cited as significant worker concerns, while retirees pointed toward the precarious future of Social Security and Medicare as reasons while confidence has declined.
According to EBRI, the Retirement Conference Survey “is the longest-running survey of its kind, measuring worker and retiree confidence about retirement, and is conducted jointly by the Employee Benefit Research Institute (EBRI) and Greenwald Research.” The survey captured the views of over 1,000 workers and over 1,000 retirees and included the perspectives of hundreds of caregivers. All respondents were age 26 or older, and the survey was conducted in January of this year.
Read the full survey report here…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.