Optimism about the nation's economic prospects is back. That's the most encouraging news from our latest Consumer Reports Retirement Survey of more than 24,000 of our online subscribers.
Among the retired, semiretired, and those still in the workforce, 60 percent of 54- to 76-year-olds polled by the Consumer Reports National Research Center this fall said that they were feeling upbeat about an economic recovery. That compares with just 34 percent who felt that way a year earlier.
But if our readers feel optimistic about the national economy, they still have grave concerns about their own financial futures. Our survey found that 70 percent of retired subscribers said they were highly satisfied in retirement, but some had fears about adequate resources and health-care coverage, some were getting the wrong information about important topics, and some were disenchanted with retirement.
Among the survey's less sanguine findings:
Retired subscribers' satisfaction with their retirement reached a plateau when their net worth was between $500,000 and $1 million. Having more didn't make much of a difference. But notably, even among those who reported having less than $250,000 in net worth, more than half were highly satisfied with their retirement. In addition, 38 percent of retirees said they depended on a defined-benefit pension for a significant portion of their income.