Survey: Americans 35-44 most likely to doubt retirement security

Younger Americans in their late 30s are now the group most likely to doubt they will be financially secure after retirement, a major shift from three years ago when baby boomers nearing retirement age expressed the greatest worry among all age groups. The survey findings by the Pew Research Center, released today, reflect the impact of a weak economic recovery beginning in 2009 that has shown stock market gains while housing values remain decimated vis-ŕ-vis 2006 highs. As a whole, retirement worries rose across all age groups—roughly 38% of U.S. adults say they are “not too” or “not at all” confident that they will have financial nest eggs of sufficient size, according to the independent research group. That’s up from 25% in 2009. But the concerns are increasing the greatest among Americans approaching and in middle age whose equity in their homes represents most of their net worth. About 49% of those ages 35-44 say they had little or no confidence that they will have enough money for retirement, more than double the 20% share in that age group who said so in 2009. Get more survey results in the full story here.