Americans are "highly anxious" about their retirement prospects, a report from the National Institute on Retirement Security found. Eighty-five percent of respondents said they were worried about their retirement in spite of a more stable market, declining unemployment and increased consumer confidence over all.
The report found almost the same percentage of respondents think the average worker can't save enough on his or her own to guarantee a secure retirement. Three-quarters say the stock market makes it "impossible for the average American" to estimate how much they'll be able to save for retirement.
Furthermore, 82 percent of respondents say all Americans should have access to a pension plan, not just state and local employees, up from 68 percent who agreed in 2011. The report found similar levels of support for universal access to pensions between private and public workers, at 81 percent and 88 percent, respectively.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
