About the Talk
March 24, 2014 2:40 AM
London, United KingdomLondon, United Kingdom
The ratio of workers who are confident they'll be able to retire comfortably rebounded this year to the highest level in seven years, according to an Employee Benefit Research Institute survey.
The 24th annual retirement confidence survey found that 55% of workers described themselves as either being "very confident" or "somewhat confident" of their ability to live comfortably during their retirement years. That compares with a combined 51% in 2013. Eighteen percent described themselves as "very confident," compared with a record low of 13% last year. Insurance Tips at Dyman and Associates
Retirement experts attributed the shift largely to greater confidence among workers with retirement investments, who benefited from a resurgent stock market in 2012 and 2013. The attitudes of those without a tie to the stock market were largely unchanged while those with significant levels of debt continued to struggle.