Two new surveys reveal how Americans feel about their current and future financial situation.
According to the latest Retirement Confidence Survey by the Employee Benefits Research Institute and Greenwald & Associates, 24% of workers are very confident they will have enough money set aside for a comfortable retirement, and 44% are somewhat confident theyll have enough.
The survey found, however, that only about 68% actually have set aside some money for retirement, and only 58% are doing so currently.
Of the non-savers, almost half are confident about having enough money in retirement.
“America appears to be a nation of optimists when it comes to retirement, but for some people the retirement dream may turn into a nightmare,” warns Dallas Salisbury, president of EBRI, in Washington.
The survey found that 45% of all workers report total household assets, excluding the value of their home, of less than $25,000.