Americans Pessimistic About Retirement

A third of Americans don’t expect to retire until after age 65, up from a quarter in 2005 and barely a tenth in 1991, according to a new survey from a workplace policy organization.

The Employee Benefit Research Institute’s 2010 Retirement Confidence Survey found that the record-low confidence in a financially safe retirement appears to have bottomed out, with only 16 percent of workers very confident that they’ll be able to retire with enough money.

And the methods of paying for retirement are changing, too–fewer people expect to see Social Security income (a good bet) and pension plans, and more people expect to live off their 401(k)s and by working part-time.

Further, according to the survey, most people have saved very little—in fact, 27 percent of those surveyed have less than $1,000 in savings.

Luckily, people are living longer—50 is the new 40, right?—and if you’re doing what you love, you may not mind working til what used to be your dotage. But we’ll all be immortal cyborgs by then anyway.