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Amid recession fears, economic pessimism continues as Americans are growing more concerned they won’t be able to retire comfortably, according to a new survey.
Only 43% of nonretired adults think they’ll have enough money to live comfortably when they retire, according to Gallup. That’s the lowest level for that metric since 2012.
A record low of 19% of lower-income Americans expect to live comfortably, while a record high of 88% express worry about having enough money to retire, according to the survey.
Younger adults are more hopeful about their retirement. Fifty-four percent of those aged 18 to 29 say they expect to have enough money to live comfortably, while 38% of those aged 30 to 49 shared the same sentiment and 39% of those 50 to 64.