Americans’ confidence in their ability to retire comfortably has fallen sharply over the past year, a survey by Transamerica Life Insurance Company finds.
The survey yielded insights into Americans’ top concerns for the next administration to address in helping them reach a financially secure retirement.
According to the survey report, 45% of adult Americans are less confident that they can achieve a financially secure retirement than they were 12 months ago. Only 14% said they were more confident.
The top financial priority for 57% was “just getting by” or “paying off debt,” in sharp contrast to only 12% who cited “saving for retirement,” reports Transamerica, a unit of AEGON N.V., The Hague, Netherlands.