How Confident Are Americans About Retirement?

A survey conducted by the Employee Benefit Research Institute has found that the percentage of Americans confident of a financially comfortable retirement is increasing. 22 percent of respondents said they were very confident about the financial aspects of life after work while 36 percent were somewhat confident.

Looking closer at certain elements of retirement, 37 percent of Americans feel very confident that they will have enough money to take care of their basic expenses. However, when it comes to taking care of medical expenses and paying for long-term care, this number fell. Just 18 percent of people are very confident of being able to handle their medical expenses while even fewer, 14 percent, feel confident about paying long-term care bills, should they need to.