Retirement crisis? What retirement crisis?
Savers in several countries "experienced a dramatic increase in their confidence that they would meet retirement goals," according to a new survey commissioned by State Street Global Advisors. Some 51 percent of U.S. investors participating in an employer–sponsored retirement plan said they were very or extremely confident they will meet their retirement goals, up from 21 percent in 2013. (Tweet This)
The survey was conducted just months after the Employee Benefit Research Institute, or EBRI, and Greenwald & Associates conducted a 2015 Retirement Confidence Survey, which found 22 percent of workers very confident about having enough money for a comfortable retirement, up from 13 percent in 2013.
"The major change in the United States is the continuing improvement in the economy, with unemployment moving down and so forth," said Fredrik Axsater, head of global defined contribution for State Street Global Advisors.