Survey: When It Comes to Retirement Finances, Retirees More Confident Than Workers

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The Employee Benefit Research Institute (EBRI) released its annual Retirement Confidence survey recently, and — as usual — the report contained loads of interesting insights.

One major trend remained the same: current retirees have much more confidence in their retirement finances than current workers.

Above, you can see the chart for worker confidence. The percentage of workers that are “very confident” in their retirement income has jumped significantly since 2008; still, nearly a quarter of survey respondents are “not at all confident” in their retirement prospects.

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Retirees are generally more confident, as you can see by the graph to the right. In 2015, 37 percent of retired survey respondents said they were “very confident” in their retirement finances. That marks a big, big jump from 2008, when retirees were hurting and only 20 percent of respondents were “very confident”.

Find the entire 2015 Retirement Confidence Survey here.

 

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