42% of Americans ‘very worried’ about retirement: Survey

Amid recession fears, economic pessimism continues as Americans are growing more concerned they won’t be able to retire comfortably, according to a new survey.

Only 43% of nonretired adults think they’ll have enough money to live comfortably when they retire, according to Gallup. That’s the lowest level for that metric since 2012.

A record low of 19% of lower-income Americans expect to live comfortably, while a record high of 88% express worry about having enough money to retire, according to the survey.

Younger adults are more hopeful about their retirement. Fifty-four percent of those aged 18 to 29 say they expect to have enough money to live comfortably, while 38% of those aged 30 to 49 shared the same sentiment and 39% of those 50 to 64.