Among the key findings:

Seventy-nine percent of respondents believe their generation will have a much harder time achieving financial security compared with their parents' generation.
Seventy-two percent are concerned that Social Security will not be there for them when they are ready to retire.
The same percentage have taken measures to address financial strain from rising inflation, and 56% are still financially recovering from the pandemic and its aftermath.
Forty-three percent are worried that artificial intelligence and robotics will make their job skills obsolete.
More than half of employed workers (52%) expect their primary source of retirement income to come from self-funded savings, including 401(k)s, 403(b)s and IRAs (41%), and other savings and investments (11%). Yet only 28% of employed workers "strongly agree" they are building a large enough retirement nest egg.
More than 8 in 10 employed workers are saving in an employer-sponsored retirement plan and/or outside the workplace, and they began saving at the median age of 26.
An alarming 37% have tapped into their retirement accounts, including 31% who have taken a loan and 21% who have taken an early and/or hardship withdrawal.
Employed workers have saved a median estimate of $82,000 in all household retirement accounts.

Instant Insights /

'Between a rock and a hard place': Saving for retirement is uphill battle for many workers