Source: National Institute on Retirement Security As affordability pressures squeeze household budgets, Americans increasingly fear they will not be financially secure in retirement, while also expressing caution about artificial intelligence and cryptocurrency in retirement planning, according to a new national public opinion report, Retirement Insecurity 2026: Americans’ Views of Retirement. The research finds that 80% of Americans say the nation faces a retirement crisis, up sharply from 67 percent in 2020. Additionally, more than six in ten Americans (61 [...]

By Dan Doonan Source: Forbes As America ages and income inequality deepens, concerns about retirement security are mounting. A growing body of research indicates that many Americans will not be able to sustain their standard of living once they leave the workforce and taxpayers will be on the hook for $1.3 trillion in increased spending by 2040 to assist Americans without sufficient retirement savings. Moreover, public opinion research finds 79 percent of Americans agree the nation faces a retirement [...]

By Emile Hallez Source: Investment News The United States ranks 29th out of 48 countries Mercer and the CFA Institute evaluated for their global pension index published this week. That equates to a C-plus letter grade, with a peer group of the United Arab Emirates, Kazakhstan, Hong Kong, Spain, Colombia, and Saudi Arabia. All of those countries have systems with “some good features but also ha[ving] major risks and/or shortcomings that should be addressed,” the report stated. “Without these [...]

By Natalie Lin Source: Plan Adviser As retirement approaches for millions of Americans, the path forward appears increasingly uncertain, with many expressing concerns about how they will generate income in their post-work years. According to the 2024 Schroders US Retirement Survey, the results of which were released Thursday, nonretired Americans expect to draw on a range of income sources beyond Social Security when they do retire, with 60% planning to rely on cash savings and 48% counting on their [...]

By Remy Samuels Source: Plan Sponsor When asked if the U.S. faces a retirement crisis, 80% of women agreed that it is indeed a disaster in the making, and even more women agreed that employers should be contributing more money to workers’ retirement plans, according to data from Greenwald Research and the National Institute on Retirement Security.  As women still, on average, earn less than men, often take time away from the workforce for caregiving and tend to live [...]