Survey: Workers Struggling to Save for Retirement

Tuesday, 09 Mar 2010 12:45 PM

 

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A year after the stock market bottomed out, workers are still a bit pessimistic about having enough money for retirement.

The Employee Benefit Research Institute's annual retirement confidence survey shows increasing numbers of workers saving less.

Here's a look at some of the findings of the 20th annual survey:

Percentage of workers who:

— say they have saved for retirement: 69 percent

— say they're currently saving: 60 percent

— have saved less than $1,000: 27 percent

— have saved less than $25,000: 54 percent

— expect to work past 65: 33 percent

Respondents who are very confident about having enough money for a comfortable retirement:

— Workers: 16 percent

— Retirees: 19 percent

Respondents who are very confident in having enough money to pay for basic expenses in retirement:

— Workers: 29 percent

— Retirees: 33 percent

——

Methodology: 902 workers and 251 retirees age 25 and older were randomly interviewed by telephone in January.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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