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One of the biggest concerns coming out of this recession has been our retirement dollars the markets took a -- taking with it our retirement hopes.
But as the market rebounds they're still major worries for Americans of all ages and all -- comes about whether our golden years are really gonna be all that golden.
A new poll by the Employee Benefit Research Institute shows more than a quarter of us are not at all confident about having enough savings -- comfortable retirement.
And that is an all time high up 5% from just last year.
Only 13% of Americans are actually very confident about their future.
Now let's could be -- less than half say they are their spouse to try to calculate how much money they'll need to save.
And guess what people aren't saving at all the survey found more than half of respondents have less than 25000 dollar set aside.
Nearly 30% have savings under a thousand dollars.
Another problem very few think Social Security will be there for them when they retire six in ten Americans are not optimistic.
And -- -- does matters 70% of those under the age of fifty.
Are not counting on Social Security while two thirds of those over the age of fifty are in fact hopeful they'll be able to reap the benefits of the entitlement program.
Yet the Sam mountain doesn't want to see the retirement age -- to 69.
To help keep Social Security solvent.
Even still a third of those asked expect to retire after the age of 65 compare with just about 10% twenty years ago.
And you know what it's not just the middle class the middle and working class -- this way about retirement.
Even millionaires are sweating it nearly half the millionaires -- by Fidelity Investments said they did not feel wealthy.
And that to feel wealthy incompetent for the future they would need nearly seven and a half million dollars in savings.
Look Americans of all shapes and sizes ages and careers are worried about the future and that's no way for us to -- We need to be saving more and relying on government what.
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