Americans’ Retirement Expectations Keep Dropping Over Economic Worries
The outlook of Americans towards their retirement plans has worsened over the past year according to a recent Gallup poll, with concerns about rising prices and recession sapping away optimism.
The expectations of non-retired Americans for a comfortable retirement are now at their “most pessimistic” level since 2012, falling by 10 percentage points since 2021, said a May 25 survey report. Only 43 percent of respondents now expect to comfortably live during retirement, down from 48 percent in 2022 and 57 percent in 2019 prior to the COVID-19 pandemic. In 2002 when the poll began, 59 percent of non-retirees expected to live comfortably post-retirement.
“Between 2002 and 2005 and again from 2017 through 2021, majorities of nonretirees expected a comfortable retirement,” Gallup said….