Just 43% of nonretired adults think they will have enough money to live comfortably when they retire, according to Gallup. The percentage of adults expecting to live comfortably in retirement is down by five percentage points over the past year and ten percentage points since 2021. A record-low 19% of lower-income adults expect to live comfortably, according to Gallup, which began tracking these measures in 2002. 36% of middle-income adults expect to retire comfortablyYounger Americans are more optimistic about their retirement outlook, with 54% of those aged 18 to 29 saying they expect to have enough money to live comfortably. Those awaiting retirement expect to be forced to rely more on 401(k), IRA and other retirement savings accounts.

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Persons: Gallup, Mohamed Younis, ”, Younis, Joe Biden, George W, Bush Organizations: CNN, Gallup, “, Social Security, University of Michigan, —