2025年全球退休现实报告：弥合信心差距

Retirement RealityReport Bridging the Confidence Gap Table of Contents 4Understanding the Pressures and the Opportunity 19Bridging the Retirement Confidence Gap— Together Turning OptimismInto Retirement Readiness At State Street Global Advisors,we are proud to partner withinstitutions around the world tohelp millions of savers prepare fora secure and confident retirement. Our 2025 global survey reveals a hopeful picturebroadly: savers are more optimistic about theirretirement prospects now than in 2023. Yetbeneath that confidence, there are real concerns— from the impact of inflation and the broadereconomic environment, to how much they needto save and how to ensure a reliable incomestream in retirement. Thank you for your continued trust. We’reproud to work alongside you to support theevolving needs of today’s retirement savers.We look forward to continuing this importantwork together. With warm regards, And in an environment wherechange and uncertainty remainconstant, retirement planning hasnever been more important. This underscores the critical role that institutions— and partners like us — must play in helpingsavers bridge the gap between confidence andtrue retirement readiness. Together, we can offerthe guidance, tools, and investment solutionsparticipants need to help them turn their retirementhopes into reality. Yie-Hsin Hung President and CEOState Street Global Advisors Understandingthe Pressuresand the Opportunity The retirement landscape is evolving,shaped by an aging population, economicuncertainty, and shifting personal goals.As complexity continues to unfold,find out what steps you can take nowto help savers prepare for whatlies ahead. Why Retirement ReadinessDemands Attention Now Defined contribution (DC) plans have become thedominant retirement vehicle in markets like the US (69%)and Australia (89%), with growing adoption in Canada(44%) and the UK (27%)1— placing greater responsibilityon these plans to support long-term financial securityin an increasingly complex world. DC plans and advisors are navigating a set of structuraland economic forces that are making it harder forworkers to prepare for retirement confidently. Inflationcontinues to challenge purchasing power. Housing andhealthcare costs weigh heavily across age groups.Career paths have become more dynamic, makingconsistent plan access and long-term savings moredifficult to maintain. “Today’s workers are navigatingretirement planning in anera of structural economicuncertainty — requiring newtools, new strategies, andstronger institutional support.” Yet amid these pressures lies an opportunity toreassess, reimagine, and reinforce the systemsthat support long-term financial security. Theinstitutional role is evolving: from providing accessto plans, to actively shaping better outcomes throughsmarter defaults, holistic financial wellness, andpersonalized guidance. Danielle GladstoneHead of Participant Engagement Retirement is becoming less linear. Some individuals are working longeror phasing into retirement, while others retire early due to health issuesor care-giving responsibilities — increasing the complexity of incomeplanning and worker engagement. EvolvingWork Models Now more than ever, retirement providers can actas powerful levers, helping savers turn uncertaintyinto readiness and optimism into real financial resilience. 25% plan to partially retire4 Confidence Does Not EqualPreparedness: The InstitutionalImperative This disconnect underscores the institutional imperative:confidence alone is not a reliable indicator of readiness. This year’sGlobal RetirementReality Report findings uncovereda slight uptick in savers feelinggenerally optimistic about theirretirement prospects. But deeperanalysis reveals a clear dissonancebetween sentiment and actualpreparedness. Retirement providers play a critical role inbridging theconfidence gapby delivering plan architectures that helpsupport better decisions — both implicitly through design(e.g., default strategies, guaranteed income solutions,etc.) and explicitly through guidance and communication. Retirement savers often face behavioral and informationalbarriers that limit their ability to translate intent into action.Inertia remains a powerful force, particularly in long-termfinancial decision-making. DC plans have an opportunityto reduce complexity while fostering engagement —helping individuals move from passive accumulationtoward active, informed preparation for decumulationand long-term income sustainability. 1.Defined Goals“I know what I need to retire.” In many cases, this confidenceisn’t anchored in robust planningor adequate savings, but rather inoptimism bias or lack of awarenessabout future income needs andlongevity risk. 2.Complexity-drivenInertiaConfusing choices lead to doing nothing 3.Smart DefaultsAuto-enrollment and escalation applied 3.InadequateSavingsBelow target contributions “I was retired about 10 years ago...but had to return to wo