Tuesday, March 13, 2012

2012 Retirement Survey Released

Every year for 22 years the Employee Benefit Research Institute has been surveying workers and retirees about their retirement plans. Here are some of the findings from this year's survey...

  • 23% of workers are "not at all" confident in having enough money to live comfortably in retirement. This figure is down from the all-time high of 27 percent in 2011, but it is far greater than the 14 percent who say they are very confident.
  • 42% of workers say job uncertainty is the most pressing financial issue facing Americans today.
  • 60% percent of workers have virtually no savings. The total of their household's savings and investments is less than $25,000 (not including housing equity).

Source: Employee Benefit Research Institute, 2012 Retirement Confidence Survey

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