American workers’ trust in their future retirement has reached a four-year low, according to a release of the Unretirement Index, a poll of nearly 1,500 working Americans by Sun Life Financial Inc. After remaining stable for three years, retirement confidence dropped nearly 20% this September compared to a year earlier, according to the survey.
“This represents the most significant drop in retirement confidence we’ve seen in the four years we’ve compiled the Sun Life Unretirement Index,” says Wes Thompson, president of Sun Life Financial U.S. “Although the recession officially ended in 2009, average Americans feel that the downturn has not ended for them, which is substantially eroding their trust in their retirement future.” Sun Life Financial created the Unretirement Index in 2008 to gauge how changes in the economy, financial markets, societal forces and public policy affect working Americans’ confidence about retirement.
