The clouds may be lifting on the economy, but workers
forecasting their chances for a comfortable retirement remain
gloomy -- especially those in debt.
The Employee Benefit Research Institute measured record lows in
retirement confidence in 2011 -- and confidence remains low this
year, according to
EBRI's 2013 Retirement Confidence Survey
. Twenty-eight percent of workers are not at all confident that
they'll have enough money to retire comfortably.
A big part of that pessimism is debt. Sixty percent of the 1,003
workers surveyed say that the amount of debt they carry is a
problem -- and that debt, the survey found, is feeding into their
attitudes about retirement. Only 3 percent of workers who describe
their debt as a "major" problem also say they feel "very confident"
about being ready to retire comfortably. More then half of them,
meanwhile, say they are "not at all confident" that they'll retire
in financial security.
The chart below shows how workers with varying levels of debt
feel about their retirement prospects.
How credit card debt delays retirement dreams
To use the graphic on your site, use the following
alt="CreditCards.com infographic: Those with debt less certain of