Employees remain optimistic about their retirement savings, despite today's economic challenges, according to the 4th annual Protected Retirement survey from the Nationwide Retirement Institute.
The survey found that this improvement is largely due to the active engagement of employees in managing their retirement accounts: Most workers (76%) check their balances at least once a month and 3 in 10 modify their contributions or rebalance their investments monthly.
More than six in 10 (65%) of workers say they are on the right track when it comes to financial preparedness for retirement; this figure rises to 71% for 22-34-year-olds, a 15-point increase from 2023.
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