New Research from EBRI: Click here to view the full results of the survey.
WASHINGTON, DC—While overall confidence about being able to afford a comfortable retirement has plateaued among American workers, preparations to save for retirement are still lagging, according to the 2016 Retirement Confidence Survey (RCS) by the nonpartisan Employee Benefit Research Institute (EBRI) and Greenwald and Associates.
The 2016 RCS, the 26th annual survey and the longest-running study of its kind, finds that the recovery in retirement confidence from the post-2008 economic recession is continuing to hold. Specifically, the percentage of workers very confident about having enough money for a comfortable retirement, at record lows between 2009 and 2013, increased from 13 percent in 2013 to 22 percent in 2015, and has leveled off at 21 percent in 2016. Also, those somewhat confident increased from 36 percent in 2015 to 42 percent in 2016, while the percentage not at all confident decreased from 24 percent in 2015 to 19 percent in 2016, the RCS found. ( 2016 Retirement Confidence Survey/ ebri.org)