Retirement worries grow; 30-somethings most uneasy
WASHINGTON (AP) – Younger Americans in their 30s are now the group most likely to doubt they will be financially secure after retirement, a shift from three years ago when baby boomers nearing retirement age expressed the greatest worry.
The survey findings by the Pew Research Center reflect the impact of a weak economic recovery that has shown stock market gains while housing values remain decimated.
As a whole, retirement worries rose across all age groups. Roughly 38 percent of adults say they are “not too” or “not at all” confident that they will have enough for retirement, up from 25 percent in 2009.
Pew found that retirement worries peaked among adults in their late 30s. Three years ago, it was boomers ages 51 to 55 who had the most anxiety.