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Member, Beacon International Group, Ltd.
The Employee Benefits Research Institute's 2024 Retirement Confidence Survey reveals that 68% of workers and 74% of retirees are confident they will have enough money for a comfortable retirement, a slight increase from last year, Plansponsor reports. The study suggests this confidence is due to wage growth outpacing inflation, leading to stable assets and steady income. However, inflation remains a concern for many, and there is a significant gap in understanding how Social Security works.