DES MOINES, Iowa (AP) — Worker skepticism about having enough money to retire comfortably has taken a nosedive in a new national survey. Just 23 percent say they're very confident about being able to pay basic living expenses in retirement. That's down from 46 percent in 2008.
The survey by Sun Life Financial Inc., which has conducted its Unretirement Index survey since 2008, shows persistent economic uncertainty and a volatile stock market have workers increasingly doubtful they'll be able to retire when they had hoped.
The steep plunge in the index comes after three years of stability. "We think that this is a tipping point relative to what we've seen in prior years," said Wes Thompson, U.S. president of Sun Life Financial.
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