3/25/2013 – The 2013 Retirement Confidence Survey: Perceived Savings Needs Outpace Reality for Many (EBRI)

The 23rd wave of the Retirement Confidence Survey (RCS) finds that Americans’ confidence in their ability to afford a comfortable retirement remains low, despite the improving economy. One apparent reason for this might be the realization by many workers of just what will be needed to secure a financially comfortable retirement. Others reasons may include more immediate financial concerns about job uncertainty and debt as well concerns about the cost of retirement. Nevertheless, worker savings remain modest, and less than half appear to be taking basic steps needed to prepare for retirement.

Read the full report at EBRI.