No matter what type of planing you've done for retirement, most American don't feel like their quality of life in retirement will measure up to the generation that went before them, according to a new survey from Willis Towers Watson. Three out of four Americans with jobs don't expect to live as well as their parents did in retirement, according to a survey of more than 5,000 currently working Americans.
In large part, it's a concern that their money won't last long enough. About 30 percent worry their savings will run out just 15 years into retirement. Fifty percent think their money will be gone within 25 years.
Somewhat surprisingly, America has fallen behind many other parts of the world in terms of how confident people are with their financial situation. According to Willis Towers Watson, the U.S. ranks behind India, Mexico, China, and Australia, among others, in terms of satisfaction with personal finances.