Survey: Workers Struggling to Save for Retirement

Tuesday, 09 Mar 2010 12:45 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

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 This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Officials: Dozens of Ex-Gitmo Prisoners Joining ISIS

Thursday, 30 Oct 2014 11:48 AM

Former Guantanamo Bay detainees may have joined up with the Islamic State or other extremist groups within the Syrian bo . . .

Fmr. Boston Mayor Menino Dead After Battling Cancer

Thursday, 30 Oct 2014 11:44 AM

Former Boston Mayor Thomas Menino, who shepherded the city through the deadly Boston Marathon bombing and was the longes . . .

ACLU: FBI Seeks 'Green Light' to Hack Into Any Computer Worldwide

Thursday, 30 Oct 2014 11:22 AM

The FBI is petitioning the government for new powers to hack into computers for surveillance in what is being described  . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved