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Baby boomers continue retirement confidence slide

By
  • Michael Giardina
Published
  • April 07 2014, 1:29pm EDT

A new study finds that retirement readiness among the baby boomer generation continued its decline in key confidence measurements that look at whether the age cohort was comfortable with covering medical expenses and income needs when they exit the workforce.

The Insured Retirement Institute’s fourth annual retirement readiness report offers a grim picture for retirees. Thirty-five percent of respondents said they were “extremely” or “very” confident they were doing a good job of preparing financially for retirement. Also, 33% of respondents feel they will have enough money to live comfortably in retirement with their spouse, a one percentage point decline from 2013’s study.

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