retirement confidence

Retirement confidence refers to how secure and optimistic individuals feel about their ability to comfortably support themselves financially after stopping work. It depends on factors like savings, investments, pensions, expected expenses, and future income prospects. High retirement confidence means a person believes they will have enough resources to maintain their desired lifestyle, while low confidence can cause anxiety about financial stability later in life. Building retirement confidence involves planning, saving consistently, and understanding future financial needs to ensure a comfortable retirement.