2012 Retirement Confidence Survey
The 2012 Retirement Confidence Survey was published by Employment Benefit Research Institute (EBRI) in March 2012, and it's not pretty (as you might expect).
Only 14% of Americans believe they can comfortably retire today... so sad! Many lose employment or aren't sure they can keep their current job. Home values are reduced significantly (if you didn't lose your home altogether), and the list goes on.
Sixty percent of families have less than $25,000 in savings (that doesn't count the home value or the lucky folks with defined benefit plans for retirement). More than half of those working have not calculated what they'll need in savings when they retire... they don't want to know.
What I found really interesting -- half of the current retirees left the workforce involuntarily!
Some had health issues, disability, were forced out with downsizing and layoffs, or simply retired as they were pushed out.
If you'd like to read the whole report, theres lots more and oodles of background stats and charts, just
Oddly enough, the report says that those already retired are more optimistic than those still working.
If you comment below, please state whether you are retired or remain employed.. ok?
Wendy's other site... because Aging Matters!