Americans are panicking about retirement

Photo: Profimedia

Only 43 percent of non-retired US adults believe they will have enough money to live comfortably after they retire, the lowest since 2012, CNN reports.

The percentage of those who believe that they will live well in retirement decreased by five percent compared to last year, and by 10 percent compared to 2021.

The numbers are "pretty bleak," Gallup chief Muhammad Younis said, and he says they reflect concerns about high housing costs, fears about the safety of money in bank accounts and fears of a possible recession.

The survey, which was conducted between April 3 and 25, found that women are significantly more worried about their future in retirement, as 36 percent of women compared to 50 percent of men think they will live carefree in old age. Optimism and pessimism also depend on the amount of current income, and 36 percent of members of the middle class believe they will live in retirement without financial problems.

The survey results are consistent with the pessimism emerging from other surveys.

According to the University of Michigan, consumer sentiment in the United States was at an all-time low in May, and a recent CNN survey shows that 76 percent of Americans believe the economy is in bad shape, Tanjug reports.

Only 35 percent of Americans believe President Biden can make or recommend a good deal on the economy, an earlier Gallup poll found.

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