http://innovista.org/index.php?option=com_content&view=article&id=110:home&catid=43:general-pages&Itemid=135
The Arlington, Va.-based human resource firm says amonvg workers 50 to 64years old, only 44 percengt are confident they will have enough moneyg to live comfortably five yeare into retirement. That is down from 63 percenr in 2007. The outlook 15 years into retiremeng iseven worse, with just 18 percentg of older workers confident of beinb financially comfortable, compared to 34 percent in 2007. “Retirement securit y is a huge concern as individualas have seen significant amounts of their pensiob and retirementsavings decline,” said Watson Wyatt senior retiremengt consultant David Speier.
“The financial crisis has been especiallyu damaging to older workers who are worried aboutr potential job losses and have experiencex higher stress levels over thepast year.” As retirement approaches, olded workers are scrambling to shore up their savings, with 19 perceny increasing their savings rate and 34 percent considering doinhg so, the Watson Wyatf (NYSE: WW) survey
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