By Noah Zuss
Source: Plan Sponsor

Market volatility and rising prices are driving two-thirds of workers surveyed to feel more anxiety about their retirement income, the Nationwide Retirement Institute Social Security Consumer Survey shows.

The concerns have led to a 10 percentage-point spike in anxiety among those surveyed from 2021, the survey found.

Highlighting workers’ worries about retirement income, individuals are also anxious about Social Security, Nationwide found. Across generations, 70% of workers worry that Social Security will run out of funding in their lifetime and 33% of individuals who are not currently receiving benefits believe they won’t receive any benefits from the entitlement program when they retire.

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