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TYD - Retirement Confidence Declined Despite A Surging Market
Direxion Daily 10-Yr Treasury Bull 3x Shrs
Despite the surging stock market from the March lows, trillions in liquidity support from the Fed, retirement confidence declined.
I have written on this subject previously regarding a 2018 Fox Business study. That study showed more Americans doubted they would be able to save enough for retirement than those confident of reaching their goals.
37% are not confident they can save enough to retire.
32% are confident they can save enough.
48%, however, don't think their retirement savings will reach $1 million.
Another study in 2018 from Northwestern Mutual showed equally depressing statistics.