The 2010 retirement confidence survey

The 2010 retirement confidence survey
Document type
Survey
Author(s)
Helman, Ruth; Greenwald, Mathew; Copeland, Craig
Publisher
Towers Watson
Date of publication
1 March 2010
Subject(s)
People management: all aspects of managing people, Trends: economic, social and technology trends affecting business
Collection
Business and management
Material type
Reports

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The 2010 Retirement Confidence Survey, the 20th annual wave of this survey, finds that the record-low confidence levels measured during the past two years of economic decline appear to have bottomed out. The percentage of workers very confident about having enough money for a comfortable retirement has stabilised at 16%, which is statistically equivalent to the 20-year low of 13% measured in 2009. Retiree confidence about having a financially secure retirement has also stabilised, with 19% saying now they are very confident (statistically equivalent to the 20% measured in 2009). Worker confidence about paying for basic expenses in retirement has rebounded slightly, with 29% now saying they are very confident about having enough money to pay for basic expenses during retirement (up from 25% in 2009, but still down from 34% in 2008).

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