Retirement Confidence Hits New Low
Americans' confidence in their ability to retire is hovering at the lowest level in two decades, according to a survey released Tuesday by the Employee Benefit Research Institute. Just 14 percent of respondents reported being "very confident" that they will have enough money to live comfortably in retirement –- down from a peak of 27 percent in 2007.
Just 58 percent of workers said that they or their spouses are saving for retirement -- a decline from nearly two-thirds in 2009. The survey, conducted in January, was based on interviews with 1,003 workers and 259 retirees.
To find out what you can do starting right now to be prepared for retirement, click this link. (And, no, working forever and winning the lottery aren't on the list of tips!)