401k Fear on the Rise with American Workers

401k confidence, retirement, savings

What's the quickest way to erase the stress?

We’re beginning to see fear as a trend.

New findings from the Employee Benefit Research Institute mirror those from Vanguard Center for Investor Research from just a few weeks ago. Both conclude the angst and anxiety of planning for retirement are far worse than everyday retirement concerns themselves.

EBRI reports that the share of American workers who are “very confident” in their ability to afford a comfortable retirement remains low, and some workers report that preparing for retirement is emotionally or mentally stressful.

However, echoing Vanguard research, it also finds that among actual retirees, confidence in their ability to afford a comfortable lifestyle is “comparably high,” signaling it might be all in our heads.

According to EBRI:

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