Confident Their Retirement Funds Will Materialize From 'Someplace'

With his conviction that “something will turn up,” Dickens’ Mr. Micawber should be annointed as the patron saint of American retirement planning. The latest Retirement Confidence Survey finds 24 percent of workers “very confident” they’ll have enough money to live comfortably throughout retirement. Another 44 percent are “somewhat confident.” As in prior years, though, the report (an annual project of the Employee Benefit Research Institute, American Savings Education Council and Mathew Greenwald & Associates) says this confidence is often misplaced.