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What’s Happening With Retirement Confidence in the U.S.? - Investopedia
Recent surveys Charles Schwab and Fidelity reveal an alarming trend: Confidence in American’s ability to adequately prepare for retirement is falling. In fact, an Investopedia post by reporter Aaron McDade suggests that about a third of the 1,100 401 (k) account holders surveyed by Schwab expressed concern over their inability to achieve retirement savings goals, a drop from 43% in a survey a year ago. The Fidelity survey yielded similar concerns.
For more on this matter, check out McDade’s post here. He provides insight into what those retirement savings goals are, and includes observations on the concerns related to Social Security’s future.