Retirement Confidence Still Minimal

As I noted earlier in another context, the Employee Benefit Research Institute issued its 23rd annual Retirement Confidence Survey yesterday and it shows that despite some economic recovery, many Americans remain terrified of their retirement prospects. 

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The 2012 Retirement Confidence Survey

EBRI has published its 2012 Retirement Confidence Survey (available here). Some “highlights”:

• Only 14 percent of Americans are very confident they will have enough money to live comfortably in retirement.
• Forty-two percent identify job uncertainty as the most pressing financial issue facing most Americans.
• In 1991, 11 percent of workers said they expected to retire after age 65; by 2012 that has grown to 37 percent.

Read it and weep.