A new survey has found Americans' confidence in their ability to save for retirement has dropped by the largest rate since 2008's financial crisis. The 2023 Retirement Confidence Survey (RCS), conducted by the Employee Benefit Research Institute (EBRI), is the longest-running survey of its kind measuring worker and retiree confidence and was conducted earlier this year.
The survey results show that although a majority of both workers and retirees have confidence that they will have enough money to live comfortably through retirement, that confidence has slipped nine percentage points for workers, and four percentage points for retirees.
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