Retirement pessimism hits an 11-year low among Americans.

Americans' confidence in their ability to retire comfortably has hit an 11-year low, with just 43% of non-retired adults believing they will have enough money to live comfortably in retirement, according to a Gallup survey. The figure is down by five percentage points over the past year and ten percentage points since 2021. The survey also found that a record-low 19% of lower-income adults expect to live comfortably in retirement, while 88% express worry about having enough money to retire. The high cost of living and concerns about the safety of money in bank accounts and the risk of a recession are cited as reasons for the pessimism.