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Iowa Alliance for Retired Americans
Iowa Alliance for Retired AmericansSaturday, April 13th, 2019 at 8:48am
One-Third of Workers Fear ‘Significant Hardship’ during Retirement

A study from Natixis, an investment management company, demonstrates that one-third of American workers believe that they will either face significant financial hardship during retirement or will never be able to retire. The findings coincide with a report released by the National Institute on Retirement Security in 2018, which found that nearly two-thirds of workers have no retirement account assets, and the median retirement account balance is $0.

Americans are clearly worried about their financial future. Sixty-eight percent of workers say they are concerned they will not have enough money to live comfortably throughout their retirement, and for the past few decades, the top 20% of earners have held half of the country’s retirement wealth.