5/7/20 8:00 AM
More Americans are optimistic about their chances of being financially secure in old age, according to the latest annual retirement confidence report from the Employee Benefit Research Institute (EBRI). Specifically, 69 percent of surveyed U.S. workers said that they are at least “somewhat confident” they will have enough money to retire comfortably, including 27 percent who said they are “very confident,” the highest reading on record. The poll that these figures come from was admittedly conducted in January, well ahead of the coronavirus crisis. The EBRI researchers, though, refielded a separate survey of key questions in the second half of March and found that COVID-19 had not yet resulted in a statistically significant decline in retirement confidence. Optimism may be even better now considering that stocks have rallied sharply off the March lows and the spread of the virus has slowed considerably.