Retiree confidence fell 5 points to 73%, according to the 36th annual Retirement Confidence Survey, released by the Employee Benefit Research Institute and Greenwald Research.
The readings are the lowest for both groups in close to 10 years, Plansponsor reported.
The survey polled 2,544 Americans aged 25 and older online in January.
Two in five retirees said their overall spending in retirement had run higher than they expected, and a similar share said health care costs exceeded what they had planned for.
Debt, inflation and rising housing and health care costs are pressing workers while retirees worry about Social Security and Medicare, said Craig Copeland, EBRI's director of wealth benefits research. Some 65% of workers described debt as a household problem, half carried credit card balances and nearly one in three owed more than $25,000 outside a mortgage.
