Baby Boomer Confidence Level Still Low On Retirement Security, IRI Survey Finds

Many members of the baby boom generation continue to lack confidence in their retirement outlook, according to a survey released April 8 by the Insured Retirement Institute.

IRI’s survey, Boomer Expectations for Retirement, 2013, which encompassed adults ages 50-66, found that 37 percent of boomers said they “believe they are doing a good job planning financially for their retirement,” compared to 44 percent and 41 percent, respectively, who felt that way in 2011 and 2012. IRI also said that 61 percent of respondents believe that their financial situation will either be about the same or worse in the next ...