Despite an improving economy, Americans just aren't feeling confident about their finances.
Their confidence is so lacking, in fact, that a scant 26 percent say they've been able to sustain a traditional view of retirement — and 21 percent don't plan to retire at all.
Those are some of the findings from a new brief from the Pew Charitable Trusts titled "Americans' Financial Security: Perception and Reality." The brief, based on both a survey and focus group meetings, revealed that Americans are still feeling very vulnerable, and that vulnerability is carrying over into retirement plans (or the lack thereof) as well as into other areas of their lives.
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