Retirement Confidence on the Rise
Retirement confidence is on the rebound, especially among employees who participate in a retirement plan. A recent survey by the Employee Benefit Research Institute* found that the percentage of workers who are very confident about being able to afford a comfortable retirement increased from 13% in 2013 to 22% in 2015. And among workers who have a retirement plan (or whose spouses have a plan), the percentage of those who are very confident almost doubled — from 14% in 2013 to 28% in 2015. Other key findings include:
- Only 12% of employees without a retirement plan say they are very confident they will have enough for a comfortable retirement.
- Over two thirds (69%) of workers think it is possible for them to save an additional $25 a week for retirement.
- Almost three quarters (74%) of workers anticipate receiving retirement income from an employer-sponsored retirement plan, and 46% expect the plan to be a major income source.
* 2015 Retirement Confidence Survey, Employee Benefit Research Institute, 2015