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According to a recent global survey by AXA Equitable, American workers are confident, although not well-informed, about their economic outlook in retirement. Like, 60 percent of individuals think their retirement income will be sufficient, but only one in five really knows what that income will be.

Individuals' confidence may come from seeing their parents live well in retirement:

an an average of, U.S. retirees obtain $4,243 in net monthly income (including Social Security, business pensions, personal resources and savings, etc. ); but, the median (middle position) net monthly income is just $463.

a 98 % of U.S. retirees are confident with their living standard, declaring they curently have everything they need.

But, with pensions and Social Security falling out in clumps of favor (about 9 in 10 believe the Social Security system is in some trouble or crisis), workers are receiving a wake-up call for retirement planning. In reality, an estimated 65 per cent of individuals realize they'll have to rely on their own savings to get them through retirement.

Of most respondents global, Americans are the least prone to depend on government-managed retirement savings plans or even to hold the government responsible for providing retirement income.

"Not only are Americans on their own for retirement money, they are also living longer and knowing that they might need resources to last them for over 30 years after they retire," explained Ken Gelman, AXA's director of researching the market. "As a result, they're getting pension savings very seriously by beginning early and visiting reliable economic advisors."

Consequently of sound advice, Americans have the ability to build diversified pension portfolios.

When asked how retirement income is being secured, about two-thirds of respondents-working and retired-cited several kinds of resources, including 401( k )s, IRAs, investment funds and company pensions.

However, Americans are increasingly being careful with the resources which should last a very long time. Investments are favored by seventy-eight percent of workers with a simple ROI and no financial risk. Even so, Americans lead the survey in financial risk-taking.

The Retirement Scope study was done by AXA, a leader in wealth management and financial advice. More than 6,900 functioning and retired people in 11 countries were surveyed. research pension loan