The latest installment of Allstate's Retirement Reality Check found that three out of four boomers admit they're ill prepared for retirement. The survey shows that 70 percent of Americans polled describe themselves as financially independent -- regardless of age, gender, household income and education. Despite such optimism, 40 percent of respondents admit they are not saving seriously for retirement.
The survey, which tracks Americans attitudes toward and savings for retirement, also reveals that 25 percent of baby boomers, and only 21 percent of total respondents, believe they are very prepared for retirement. Overall, 38 percent say they expect their retirement to be financially difficult.