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Homeowners may be 'overconfident in their retirement readiness,' economist says. Here's why

Owning a home makes some people feel more confident about their prospects for retirement — but that may be misguided, some experts say.

About 37% of polled workers — including those with part- or full-time jobs, or who are self-employed or business owners — say they are "ahead of schedule" (7%) or "on schedule" (30%) in their retirement savings, according to the Your Money Retirement Survey conducted by SurveyMonkey and CNBC.com.

Of those who said they were ahead or on schedule, 42% say an early start in retirement savings helped them get ahead. Other factors that contributed to their readiness included having little to no debt (38%) and home equity or ownership (37%), the report found.

The survey polled 6,657 adults, including 2,603 retired adults and 4,054 adult workers, in August.

Homeowners may be 'overconfident in their retirement readiness,' economist says. Here's why

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Homeowners may be 'overconfident in their retirement readiness,' economist says. Here's why

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What do you believe is the single most important factor driving up the cost of living in Nigeria?

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