Core Insights - The traditional retirement model appears financially unattainable for many Americans, with 63% believing they cannot retire between the ages of 65 and 70 [1] Group 1: Factors Contributing to Retirement Pessimism - Nearly half of respondents cite insufficient income as the primary barrier to retirement saving, making it difficult to prioritize future needs [3] - 20% of Americans are not currently saving for retirement, and 5% have no plans to start [3] - Competing financial priorities are evident, with 31% needing to save for immediate needs and 29% dealing with debt obligations [4] Group 2: Confidence and Understanding of Retirement Options - There is a significant confidence gap, with 25% of adults lacking confidence in understanding their retirement options, and 30% uncertain about funding basic expenses during retirement [4][5] Group 3: Potential Solutions and Actions - Despite challenges, 92% of Americans desire guaranteed income sources beyond Social Security, and 64% would consider purchasing an annuity for retirement income [6] - The issue is often about access to the right tools and education rather than capability, with one-third creating personal savings goals and 29% taking on side gigs [7]