Despite Covid, Americans Are Confident About Retirement
Retirement confidence continues to be strongly related to retirement plan participation.
Author:
May 6, 2021 8:00 AM EDT
Nearly three in 10 Americans (29%) feel very confident in their ability to retire comfortably, according to the 2021 Retirement Confidence Survey (RCS) just published by the Employee Benefit Research Institute (EBRI).
And 80% of retirees report feeling either very or somewhat confident about having enough money to live comfortably throughout their retirement years, Craig Copeland, EBRI Senior Research Associate and co-author of the report, said in an interview.
Not surprisingly, retirement confidence continues to be strongly related to retirement plan participation, whether in a defined contribution plan, defined benefit plan, or individual retirement arrangement. Workers reporting they or their spouse have money in one of these plans are nearly twice as likely as those without any of these plans to be a