A new national poll on retirement outlook by Sun Life Financial Group confirms that Americans are growing increasingly pessimistic about their ability to cover living expenses in old age — and about the ability to rely on support from government programs or their employers.
Among the study’s findings:
- Worker confidence in the future value of employer-sponsored benefits plunged 32 percent in the past year
- Confidence in the government’s ability to provide Social Security and Medicare dropped 22 percent
- One in five workers say they will never retire
- Only 23 percent of Americans feel confident that they will be able to meet basic living expenses in retirement, down from 42 percent in 2010