While confidence has risen slightly, just 2 in 10 workers are very confident in having enough money to live comfortably in retirement, according to an Employee Benefit Research Institute survey, which was highlighted at a recent EBRI "2024 Retirement Confidence Survey" Results and Insights" webinar.

"Retirement confidence went down for workers in 2023," said Craig Copeland, director, Wealth benefits research, on the webinar. "We had one of the largest percentage point declines since 2008, 2009 … a lot of that impact was the high inflation during 2022." However, "it's heading in the right direction," he said.

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