U.S. employees’ confidence in their ability to retire comfortably continued to rebound from post-recession lows last year, notes a new report issued by Towers Watson. But among the Generation X set, concerns still linger.
A Towers Watson survey of multi-age workers found that the percentage of workers who said they were very or somewhat confident about having enough resources to live comfortably 15 years into retirement increased from 62 percent in 2010 to 68 percent last year. Those same workers, however, are less confident about living comfortably throughout retirement. Less than half (47 percent) of respondents said they were very or somewhat confident they will have enough resources to last 25 years into retirement. This compares with 40 percent who said there were very or somewhat confident in 2010.
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