Workers Confidence on Retirement at 20-Year Low, EBRI Says
The Employee Benefit Research Institute released a report showing that United States workers are more pessimistic about their ability to retire comfortably. The number of workers lacking confidence in their retirement rose to 27% this year, with those with less than $100,000 in savings being more pessimistic. However, the report also showed that 68% of workers were able to save an extra $25 a month, a positive sign according to analysts. This is the 21st year of the survey.
See "Workers Confidence on Retirement at 20-Year Low, EBRI Says", Margaret Collins, Bloomberg News, March 14, 2011