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Economy
Poll: Retirement outlook gloomy in US
2011-04-26
[Iran Press TV] A new survey has indicated that a majority of non-retired Americans are pessimistic about the financial status after their retirement.

The poll conducted by Gallup said on Monday that 53 percent of non-retired Americans do not think they will have enough money to live comfortably in retirement. The new figure is up in comparison with the 2002 poll.

At that time, when Gallup asked non-retired Americans about their projected retirement resources, they were twice as likely to say they would have enough money to live comfortably as to say they would not.

By 2009, a majority of Americans said they would not have enough money to live comfortably in retirement. That percentage abated slightly last year, but is up to a new high of 53 percent in this year's survey, conducted April 7-11.

General economic attitudes affect how Americans look at retirement. Americans were more positive about the overall economy -- and retirement -- prior to the recent recession.

The ongoing political discussion about the fragility of the country's Social Security and Medicare programs may also reduce non-retired Americans' comfort with projections of their monetary resources in retirement.

Non-retired Americans now project that they will retire at age 66, up from age 60 in 1995.
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