Comfortable retirement still on track for most Americans despite pandemic – survey
The coronavirus pandemic did little to shake the retirement confidence of most American workers and retirees, according to the 2021 Retirement Confidence Survey released Thursday by the Employee Benefit Research Institute and Greenwald Research.
Despite the turmoil COVID-19 stirred up in the employment and financial markets, 80% of retirees said they were confident in their ability to live comfortably throughout retirement, while 72% of those still in the workforce expressed confidence in their ability to retire in comfort, the survey found.
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The confidence levels are up from 77% and 69%, respectively, in January 2020.
“Even with changes in the labor market, workers’ confidence in their ability to live comfortably in retirement remains high overall,” said Craig Copeland, EBRI senior research associate and co-author of the report, in a news release.
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