In an encouraging twist to recent reports on plunging retirement confidence, Charles Schwab’s latest quarterly retirement pulse survey, released Wednesday, shows more than half (54 percent) of Americans age 65 and older feel confident in their retirement readiness.

This older age set, Schwab reports, is twice as likely to feel confident as those age 18-34 (26 percent). Nearly half (44 percent) of boomer generation respondents express confidence in their retirement readiness.

Still, Schwab notes, there's room for improvement. Twenty-one percent of people age 65 and older and 26 percent of boomers still lack confidence about their retirement. Across all age groups surveyed, the number of people with concerns about retirement increases to 39 percent.