Retirement confidence is on an upswing in America but still not at peak levels. A new report from Employee Benefit Research Institute and Greenwald Research, called The Retirement Confidence Survey, says there are signs that retirement confidence is making a positive recovery, as 68% of workers and 74% of retirees are confident they will have enough money to live comfortably throughout retirement. However, this is not a significant increase from last year.
The vast majority of workers (88%) expect Social Security to be a source of income in retirement. Retirees confirm this sentiment, as nearly all (91%) report Social Security as a source of income. However, nearly twice as many retirees (62%) report Social Security is a major source of income compared with the share of workers (35%) who expect it to be.
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