So much for the recession impacting the American consumer for years to come. When it comes to their outlook on retirement, the majority of Americans, once again, are overly bullish on their expectations for quality of life, Allianz Global Investors found in a survey.

Seventy-eight percent of investors expect their standard of living in retirement to be the same or even better than it is now, and 80% believe they have adequately planned for the future and are confident they will have a secure retirement. Seventy-four percent expect the stock market will bounce back to annual mean returns of 9% and replenish their retirement accounts.

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