While workers’ confidence in their ability to retire and at least pay for basic expenses has rebounded since the start of the recession, Americans clearly are not setting their expectations high enough.

Only 16% are very confident they will have a comfortable retirement, and less than a third, 29%, expect to have enough money to cover basic expenses. When asked about the ability to pay for medical expenses, only 12% think they will have enough, and when it comes to long-term care, only 10% expressed confidence.

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