Retirement preparedness: By the numbers

Published
  • September 06 2017, 12:04pm EDT
The Employee Benefit Research Institute recently published its 2017 Retirement Confidence Survey, the 27th annual installment and the longest-running such survey. It covers the waterfront on retirement analysis, including worker and retiree confidence (in their own finances, as well as Social Security, among other aspects); stress levels, savings levels and financial education programs.

Scroll through to see a few of the statistics from the survey. All data from EBRI.

By the numbers

The Employee Benefit Research Institute recently published its 2017 Retirement Confidence Survey, the 27th annual installment and the longest-running such survey. It covers the waterfront on retirement analysis, including worker and retiree confidence (in their own finances, as well as Social Security, among other aspects); stress levels, savings levels and financial education programs.

Scroll through to see a few of the statistics from the survey. All data from EBRI.

By the numbers

The percentage of workers who feel either very confident or somewhat confident declined this year to 60% from 64% last year. Within that group, the biggest change came from those who felt very confident, falling to 18% from 21%.

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By the numbers

On the other side of the fence from the previous slide, the portion of workers who are either "not too confident" or "not at all confident" increased to 39% this year, up from 35% last year.

By the numbers

Only 7% of respondents were very stressed about retirement, although another 24% reported being somewhat stressed.

By the numbers

Workers were asked if they thought Social Security would be able to continue to provide benefits of at least the same value as the benefits received by retirees today.

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By the numbers

When asked about how much of total household income should be saved each year, the median average response (16%) outpaced the actual amount saved last year (10%).