Less than 20 Percent of Americans “Very Confident” About Retirement Savings

Six out of 10 American workers feel very or somewhat confident about having enough money for a comfortable retirement, though just 18 percent feel very confident, according to the 2017 Retirement Confidence Survey by the nonpartisan Employee Benefit Research Institute and Greenwald & Associates.

The survey also suggests that many American workers are stressed about their financial security. About three in ten workers reported feeling anxious about preparing for retirement and around half of those said that financial stress impacted their productivity at work.

Of the U.S. workers who’ve tried to figure out how much money they’ll need to retire, two out of five are betting on more than $1 million.

This is the 27th annual RCS, the longest-running survey of its kind in the nation, canvassing both current workers and retirees.