Sept/Oct 2021 Reverse Mortgage Magazine

Numbers A Closer Look at The Retirement Confidence Survey Survey Results Examine Pandemic 4 in 10: 6 in 10: 72 percent: 8 in10: Retirees who remain confident they will have enough money for a comfortable retirement. 7 in 10: Workers who are at least somewhat confident in their ability to live comfortably in retirement. 6 in 10: Retirees who say their overall expenses and spending are as expected. Workers who report that their household lost income or jobs in the pandemic-dominated year before. Workers who experienced a job or income loss who say that the pandemic hindered their ability to save for retirement. Workers who think they will work for pay after retirement. Source: RCS The Employee Benefit Research Institute’s 2021 survey examines workers’ and retirees’ mindsets around retirement as they reflect on the effects of the pandemic. “The Retirement Confidence Survey (RCS) gauges the views and attitudes of working-age and retired Americans regarding retirement, their preparations for retirement, their confidence with regard to various aspects of retirement and related issues,” the institute says on its website, ebri.org , where the survey can be found. From January 5 through January 25, approximately 3,017 U.S. residents were surveyed. Here are some highlights of the survey, which has been conducted annually for 31 years. 36 REVERSE MORTGAGE / SEPTEMBER-OCTOBER 2021