For First Time in Years, Survey Finds Drop in Retirement Confidence
by: Doug Bailey
A BlackRock survey has found that about 63% of respondents said they were on track with retirement savings, but that was a substantial dip from previous years when confidence was higher. A high percentage said hardships related to the pandemic set them back and almost a quarter of the savers said they were not earning enough to save adequately for retirement. A high percentage of millennials (19%) and Gen X (22%) reported they are not on track for retirement compared to Boomers (12%).
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