For 18 years, the Employee Benefit Research Institute has conducted its “Retirement Confidence Survey,” and this year saw some of the biggest swings in the history of the survey. The numbers seem to indicate a drop in confidence about a secure retirement future.
Money and health care dominated the respondents’ worries. Only 18 percent of workers indicated they were very confident about having enough money for a comfortable retirement. That’s down from 27 percent last year — the largest one-year drop in the survey’s history. Retirees showed a similar lack of confidence, with only 29 percent very confident about having enough money, down from 41 percent in 2007. The decrease in confidence was felt across age groups and income levels.