(Photo: Shutterstock)
People really aren't very optimistic about how well off they'll be financially once they retire. In fact, just 27 percent of respondents in TIAA's 2019 Lifetime Income Survey say they're "very confident" that they will always feel financially secure, including during retirement.
The chief obstacles to such confidence come in the form of competing priorities, economic uncertainty and a lack of planning, according to the report, with just 35 percent of respondents saying they feel confident about being able to maintain their lifestyle for as long as they live.
Perhaps unsurprisingly, older workers are more confident financially than younger ones, possibly since many are still on the receiving end of pensions and will spend fewer years dealing with the effects of inflation.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
