The disconnect is even greater among younger workers, with 64 percent of millennials saying they're “in control” but at the same time 60 percent of them saying they live paycheck to paycheck. (Photo: Shutterstock)
Are U.S. workers too optimistic about retirement? Apparently so, as yet another study indicates that although more American workers are feeling positive about their finances, they really shouldn't be so cheerful.
According to MetLife's 17th annual U.S. Employee Benefit Trends Study, lots of workers are not financially healthy, even if 63 percent feel financially confident.
Half of employees admit to living paycheck to paycheck; only 57 percent have a savings cushion of about three months of their salary; and 30 percent of those with a defined contribution retirement plan have already had to pull money out of it.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
