The 2011 Retirement Confidence Survey: Confidence Drops to Record Lows, Reflecting the New Normal, by Ruth Helman, Mathew Greenwald & Associates, and Craig Copeland and Jack VanDerhei, Employee Benefit Research Institute, March 2011
“The 21st wave of the Retirement Confidence Survey (RCS) finds that Americans confidence in their ability to afford a comfortable retirement has plunged to a new low at the same time that the recent declines in other retirement confidence indicators appear to be stabilizing. Instead of making fundamental adjustments to their spending and saving patterns in response to the decline in confidence, workers continue to change their expectations about how they will transition from work to retirement in what has been called an age of the new normal.
