Retirement is one thing. Making ends meet while you’re gainfully employed is another entirely. Just ask middle-class workers, who, according to a new report by the Transamerica Institute, have an annual household income between $50,000 and $199,999. Per the August 28 report, which was conducted by Harris Poll and Transamerica Center for Retirement Studies, just one in five (21%) of those 10,000 respondents said they’re “very confident” in their ability to one day fully retire.
Worse: 40% of middle-class workers say their greatest fear is outliving their savings and investments. They’re equally concerned about having a decline in their health that would necessitate long-term care—and that Social Security protections will cease to exist by the time they need them.
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