Why is everyone so worried about retirement? Confidence has dropped to 2008 levels.

In April 2022, when I looked through the 2022 annual Employee Benefit Research Institute (EBRI) Retirement Confidence Survey, I felt that retirement prospects for most working Americans and retirees felt like when you’re having a delightful time at a picnic but start seeing storm clouds in the horizon.

Now, the 2023 survey is out. The storm arrived.