According to a recent Gallup survey shared with CNN, Americans’ confidence in their ability to retire comfortably has reached an 11-year low, reflecting growing economic pessimism. The survey reveals that only 43% of nonretired adults believe they will have sufficient funds to live comfortably during retirement, the lowest level since 2012. This prior year saw a decline of five percentage points in this figure, and it has decreased by ten percentage points since 2021.
Tag: cost of living
Retirement In A Slowing Global Economy: What You Need To Know
The global economy has experienced significant slowdowns in the last few years, partly because of the pandemic. Unfortunately, experts predict this trend will continue, and the global economy will continue to slow down in the coming years. This is a concern for retirees who are already dealing with the challenges of living on a fixed income.