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Public Employees Express Anxiety About Financial Security Amid Economic Turbulence

New research from MissionSquare Research Institute finds the vast majority (84%) of public service employees say they are anxious about the impact of economic conditions and market volatility on their personal financial security. Additionally, these workers indicate that high inflation (48%) and rising housing costs (37%) are triggering lower retirement savings.

These data derive from the Research Institute's national survey of 1003 state and local government workers about financial and retirement security amid current economic conditions.

The survey also reveals that employees saying they are very anxious about their financial security are much more likely to be female with an annual household income less than $100,000. 

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Among the key survey highlights:
Current economic conditions and market volatility make respondents feel worried whether they:

81
%
Team

Will have enough monety to live comfortably in retirement.

81
%
Contact card

Will have enough money to last them throughout retirement.

54
%
Emergency Savings

Have enough in emergency savings right now.

72
%
Team

Will be able to retire on time.

View an infographic summarizing the survey results.

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