2007 Retirement Confidence Survey Now Available Online

April 24, 2007

The Employee Benefit Research Institute (EBRI) released their 2007 Retirement Confidence Survey this month. The survey is a comprehensive study of the attitudes and behavior of American workers and retirees toward all aspects of saving, retirement planning, and long-term financial security.

This year’s Retirement Confidence Survey found that a large percentage of American workers recognize the U.S. retirement system is undergoing major changes, but many are not adapting in ways that are likely to leave them well positioned for a comfortable retirement.

Results from the survey also show that pension-plan changes by employers have left nearly half of workers less confident about the benefits they will receive from a traditional pension plan, but that those experiencing a decline in retirement benefits often fail to react constructively. Among workers who have personally experienced reductions in the retirement benefits offered by their employer, nearly two in five indicate that they have done nothing in response to these reductions.

The findings of the survey are available online at www.ebri.org