A year after the stock market bottomed out, workers are still a bit pessimistic about having enough money for retirement.
The Employee Benefit Research Institute's annual retirement confidence survey shows increasing numbers of workers saving less.
Here's a look at some of the findings of the 20th annual survey:
Percentage of workers who:
— say they have saved for retirement: 69 percent
— say they're currently saving: 60 percent
— have saved less than $1,000: 27 percent
— have saved less than $25,000: 54 percent
— expect to work past 65: 33 percent
Respondents who are very confident about having enough money for a comfortable retirement:
— Workers: 16 percent
— Retirees: 19 percent
Respondents who are very confident in having enough money to pay for basic expenses in retirement:
— Workers: 29 percent
— Retirees: 33 percent
Methodology: 902 workers and 251 retirees age 25 and older were randomly interviewed by telephone in January.
© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.