Retirement anxiety despite strong pay
Stable incomes today, but anxious about retirement tomorrow
Energy and utilities workers enjoy relatively strong and stable incomes today—but remain highly concerned about their retirement outlook.1 The latest Benefits 2.0 survey, conducted by Economist Enterprise and supported by Nuveen, finds that nearly four in five (78%) are worried that inflation will erode the value of their retirement benefits, compared with 69% in other industries—the highest level of concern across sectors.
This anxiety is most pronounced among mid-career employees: 84% of millennials express concern, compared with 79% of Gen X and Baby Boomers, and just 58% of Gen Z. This suggests those in their peak earning years are most attuned to whether their retirement benefits are keeping pace with long-term financial risks.
Market volatility is reshaping the benefits experience for energy and utilities workers. Explore how employers can respond to rising uncertainty, caregiving needs and retirement concerns.
Read moreMany energy and utilities workers rarely revisit their initial retirement decisions, especially early in their careers. Explore where retirement engagement is weakest across the sector.
Read moreDisclosure statement:
Nuveen and Economist Enterprise, or any of their affiliates or subsidiaries are not affiliated with or in any way related to each other. The research was independently developed by Economist Enterprise and is sponsored by Nuveen, LLC.
This material is for informational and educational purposes only as of the date of production/writing and may change without notice at any time based on numerous factors, such as market, economic or other conditions, legal and regulatory developments, additional risks and uncertainties and may not come to pass. All information has been obtained from sources believed to be reliable. There is no representation or warranty (express or implied) as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information, and it should not be relied on as such.
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