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Study: Retirement, Job Security Concerns Remain High

Study: Retirement, Job Security Concerns Remain High

A new report indicates Americans' confidence that they will be able to retire comfortably still sits near all-time lows, while job security remains a major concern despite positive labor market news that has been released recently.

The 2012 Retirement Conference Survey, which was

A new report indicates Americans' confidence that they will be able to retire comfortably still sits near all-time lows, while job security remains a major concern despite positive labor market news that has been released recently.

The 2012 Retirement Conference Survey, which was published by the Employee Benefit Research Institute, found just 14 percent of workers are very confident that they will have the money necessary to retire comfortably.

The study, which is the longest-running retirement survey of its kind, also found that 37 percent of Americans believe they will need to work past the age of 65, a sharp increase over the 11 percent observed in 1991.

"People get the fact they shouldn’t be optimistic, but instead of saying I’m going to save more today, they just say I’m going to defer my retirement age once I get to 65," Jack VanDerhei, EBRI’s research director and a coauthor of the study, told Bloomberg.

According to the news source, the survey comes following a separate study released last week by T. Rowe Price Group which found approximately 60 percent of investors between age 21 and 50 are not confident that they will have enough money to retire.