I have written on this subject previously regarding a 2018 Fox Business study. That study showed more Americans doubted they would be able to save enough for retirement than those confident of reaching their goals.

37% are NOT confident they can save enough to retire

32% ARE confident they can save enough. 

48%, however, don't think their retirement savings will reach $1 million. 

Another study in 2018 from Northwestern Mutual showed equally depressing statistics.

"Americans feel under-prepared for the financial realities of retirement, according to new data from Northwestern Mutual. Nearly eight in 10 (78%) Americans are "extremely" or "somewhat" concerned about affording a comfortable retirement. At the same time, two-thirds believe there is some likelihood of outliving retirement savings."

Again, that was 2018.

Two years later, and with the market 22.5% higher, have things improved?

According to a recent update of the SimplyWise Retirement Confidence Index, the answer is "no."

"With the unemployment rate remaining above 10%, the rise in {virus] cases and updated policies threaten to make the coronavirus-related layoffs and furloughs permanent.