The end of 2023 came with numerous signs of concern about economic turmoil; specifically, many Americans worry that they will not have enough savings for retirement.

That worry was seen again in a November YouGov poll, which found Americans expressing a lack of confidence in their retirement plans. The results of the poll, published as part of the YouGov profile series, found that two in five Americans adults said they were not confident about their retirement provisions (43%), and the lack of confidence was worse among Gen X, where nearly half (48%) expressed doubt about their financial future. Although the Silent Generation (those born in the 40s or before), showed the greatest confidence, even in that cohort, only 48% reported feeling secure about their retirement finances (48%).

The report outlines where the different generations are in their preparation for retirement and finds a "troubling" trend: "A considerable portion of Americans are at the nascent stages of saving for retirement or have not started at all," the analysis said. "This is evident with a quarter of adults having made no financial arrangements (24%), and another 15% having saved less than $5,000. Only a sliver, 2%, report having saved over a million dollars."