Americans nearing retirement worry they’ll never be able to stop working. It’s a headline we’ve seen repeatedly over the last three decades. Notably, the sense of pessimism today is at its highest point in 10 years. According to a recent Gallup survey, nearly 60% of non-retirees don’t think they will have enough money for a comfortable retirement.
Blame inflation, higher interest rates and the possibility of a looming recession for at least some of this anxiety. Even the anticipation of a dismal economic forecast can concern retirement savers whose investment portfolios rely heavily on stock returns, especially for those trying to retire within the next decade.
