People around the world are growing more upbeat about the economic outlook in their countries, but most remain pessimistic about their retirement prospects, according to a new study.
About 28% of workers globally think their economies are improving, a sharp increase from 19% last year, according to the survey by the Transamerica Center for Retirement Studies.
But only 19% are very or extremely confident that they'll be able to fully retire with a comfortable lifestyle. Optimism about retirement is higher in the U.S. – 28% – but still far from universal.
"Despite improving economic sentiment, there is a continuing widespread lack of confidence about retirement prospects," said Catherine Collinson, president of the retirement center.
The lack of adequate saving and preparation makes it likely that phasing into retirement – still working but part-time or with steadily declining hours – is likely to become the "new norm," according to the poll.
Only 32% of people globally plan to stop working all at once and fully retire. In the U.S., only 24% of respondents plan to retire all at once.