If you didn’t participate in the relatively recent crypto-mania that produced over 2,000 new cryptocurrencies and saw a huge runup in the price of Bitcoin and others, well good for you. You’re an investor who missed out on a market drop that exceeded the stock market decline in 2008-09.
In its 28th annual Retirement Confidence Survey, the Employee Benefit Research Institute (EBRI) discovered that 64% of today's workers feel very or somewhat confident in having enough money to retire comfortably, up from 60% in 2017. And although far more retirees are very confident in their retirement prospects than workers, retiree confidence in their ability to meet basic expenses and medical expenses dropped from the previous year. Moreover, both workers and retirees question the role Social Security will play in future retiree income.