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Retirement Planning > Retirement Investing

Americans' retirement confidence plummets

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  • 41% — Percantage of non-retirees who say they will have enough retirement income to live comfortably. In 2002, 59 percent made the same claim.
  • 42% — Percentage of non-retirees who said they would rely heavily on 401(k)s, IRAs and Keogh plans for retirement income, compared to 60 percent in 2001.
  • 17% — Percentage who said individual stock or stock mutual fund investments will be a major source of income in retirement — the low reading for the decade — compared with 24 percent in 2001.
  • 24% — Percentage of non-retirees who say work-sponsored pension plans will be a major source of retirement income, compared with 34 percent in 2001, and 31 percent in 2007.
  • 30% — Percentage of Americans who say Social Security will be a major source of retirement income.
  • 22% — Percentage of non-retirees who said part-time work will be a major source of retirement income; in 2001, 10 percent said they would work part-time to fund their retirement.

Source: Gallup