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Growing Anxiety Over Retirement

A recent survey conducted by Thrivent, a prominent financial services company, shows that a significant number of Americans are facing increasing uncertainty about their retirement plans. Released on September 10, 2025, the Retirement Expectations Survey reveals that 42% of respondents express skepticism about their financial security in retirement.

Key Findings of the Survey

The data gathered from 2,317 Americans paints a stark picture of public sentiment regarding retirement:

• - Confidence in Savings: More than 44% of non-retirees doubt whether they are saving enough for retirement, reflecting a widespread fear of insufficient preparation.
• - Retirement Reality: Alarmingly, one in three non-retirees believe that retiring someday is unlikely, with Gen Z and Millennials being the most pessimistic — 37% and 39% respectively.
• - Future Work Plans: A noteworthy 35% of non-retirees plan to continue working for pay after their primary careers, often to maintain mental activity and combat feelings of loneliness in retirement.

Economic Influences on Retirement Planning

As inflation impacts everyday life, 76% of those surveyed acknowledge that rising costs are affecting their retirement plans. This financial pressure leads to significant lifestyle changes, with 73% of respondents reducing discretionary spending and nearly half postponing major purchases due to economic concerns. Furthermore, more than half fear that advancements in artificial intelligence may diminish job availability, further complicating their retirement outlook.

Generational Differences in Retirement Perspectives

The survey also highlights how perceptions of retirement have evolved across generations. Many younger individuals foresee a less secure financial future compared to their parents, contributing to an atmosphere of anxiety. Attitudes toward retirement are diverging, with signs of increasing skepticism among younger generations about achieving financial independence.

Importance of Financial Guidance

Despite pervasive uncertainty, the survey indicates a high value placed on professional financial advice. An impressive 89% of respondents who work with a financial advisor believe such relationships are vital in reaching retirement goals. Nevertheless, only 22% of survey participants are currently working with a financial advisor, suggesting a disconnect between desire for guidance and action.

Thrivent's Insight

Jason Rogoff, a financial advisor at Thrivent, emphasizes that retirement should be seen not as the end of a financial journey but as a reward for careful navigation through one's financial life. He encourages clients to:

• - Plan for a Purposeful Retirement: True fulfillment in retirement is about more than financial security; it involves aligning financial resources with personal values and goals.
• - Utilize Financial Advisors: Advisors can clarify complex retirement planning processes and provide the necessary guidance to attain individual goals.
• - Start Saving Early: Saving for retirement is a long-term commitment, and early planning can harness the power of compound interest.

Final Thoughts

In light of these findings, it is crucial for individuals, particularly younger generations, to initiate conversations about retirement planning and seek out professional advice sooner rather than later. With the right planning and support, it is possible to transform the narrative of retirement from one of uncertainty to one of security and fulfillment. Thrivent remains committed to helping clients build their financial futures and navigate the complexities of retirement with confidence.

For more information on Thrivent's survey or to consult with a financial advisor, visit Thrivent.com or connect via social media platforms like Facebook, Instagram, and LinkedIn.