American workers have grown more confident in the past year about their finances in retirement, according to survey data released this week by the Nationwide Retirement Institute. But this sentiment “may not be grounded in financial knowledge” as many people are making decisions that could negatively affect their financial future.

The institute — a division of Nationwide Mutual Insurance Co. — commissioned an online survey over the summer of 2,200 retirement plan participants, along with 600 public and private plan sponsors. It found that 79% of workers have a positive outlook toward their retirement savings, up from 65% in details ⇒

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