Majority Of Americans Oppose Crypto In Retirement Plans

A new national survey has found that a majority (53%) of Americans oppose employers offering cryptocurrencies in workplace retirement plans.

The same survey found that 77% of respondents view cryptocurrencies such as Bitcoin (CRYPTO: $BTC) as risky investments.

The National Institute on Retirement Security reported in its survey that 46% of respondents considered cryptocurrencies in workplace retirement plans "very risky." 

Opposition to workplace crypto options extended beyond respondents who viewed digital assets as risky. 

According to the institute, 53% of people do not support employers offering cryptocurrency of any kind as an investment choice in their retirement plans.

Public concern about digital assets that also include Ethereum (CRYPTO: $ETH) and Solana (CRYPTO: $SOL) emerged alongside deeper anxiety over America's retirement system. 

The survey found that 80% of Americans believe the country faces a retirement crisis, compared with 67% of people who said the same in 2020. 

Another 61% of poll respondents said they were worried about achieving financial security in their retirement. Costs and debt also affected how respondents viewed their ability to save.

According to the report, 68% of people said preparing for retirement has become harder, while 77% said debt prevented them from putting aside money for their future.