A new survey finds that most (88%) U.S. workers are struggling to meet basic living costs, fueling a sharp decline in retirement confidence.
The 2024 Global Benefits Attitudes Survey found that four in 10 employees (41%) are not on the right track with their finances, and nearly a quarter (21%) expect their financial situation to worsen over the next year.
Growing financial problems and uncertainty with inflation are also affecting employees’ retirement confidence and savings.
Nearly half (46%) of older workers (age 50 and higher) expect to work past age 70, a sharp rise from 36% two years ago and 30% before the pandemic. See more findings.