Retirement confidence has been on a steady decline since 2021, as only 56% of workplace savers this year said they feel “on track” with their savings to retire with the lifestyle they want, compared to 63% in 2022 and 68% in 2021, according to a new BlackRock study.
The lack of confidence has not translated to a decrease in savings rates, which held steady year-over-year in BlackRock’s study. But participants did express that having guaranteed retirement income would quell some of their fears about inflation and market volatility eroding their savings, even as plan sponsors remain reluctant to provide retirement […]
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