The number of baby boomers who are confident in their efforts to prepare financially for retirement has dipped to 35 percent in 2014 from 44 percent in 2011, according to a new report.
The Insured Retirement Institute discloses this finding in “Boomer Expectations for Retirement 2014.” IRI’s fourth annual report on retirement preparedness of the boomer generation highlights key changes and trends that have developed since the inception of the research series in 2011.
Also reflecting reduced expectations, the report indicates that the percentage of boomers who are confident they will have enough money to live comfortably throughout their retirement years has dropped to 33 percent in 2014 from 37 percent in 2011.
“[I]t is not only a decline in those showing high levels of confidence that has emerged,” the report states. “This year’s study measured a noticeable increase among those showing little-to-no-confidence at all regarding their retirement plans and outlook.