Principal Financial Group Incorporated

Workers' confidence about future retirement sinks

Workers' confidence about future retirement sinks

The economy is improving and so is employment, but workers' optimism about a comfortable retirement has fallen to a new low, according to the annual Retirement Confidence Survey released Tuesday.

Just over half of workers say they are either very confident about their retirement prospects or somewhat so. But 28 percent — a record high —have no confidence while an additional 21 percent express pessimism about their retirement future.

The survey by the Employment Benefit Research Institute gauged the outlook on retirement among 1,254 U.S. workers and retirees interviewed in January. Many said they have more immediate financial worries than retirement, and...

37°