Many Americans risking their retirement
Most Americans still unprepared for retirement
The percentage of American workers with little or no pension rose for the third consecutive year, according to a poll released on Tuesday.
The proportion of workers who said they were less than U.S. $ 10,000 in savings rose to 43% in 2010 from 39% in 2009, according to the annual report from the Employee Benefit Research Institute’s Retirement Confidence Survey. This includes the value of primary homes and benefit plans.
Employees who said they had less than $ 1000 on 27% from 20% in 2009.
Confidence in the ability to save enough for a comfortable retirement to swim at 16% of respondents, the second lowest in the 20-year history of the survey.
A drop in the bucket
“The attitude of the Americans held against retired clearly the economy in recent years, and that the case appears to be in 2010,” said Jack VanDerhei, EBRI research director and co-author of the study in a statement.
The proportion of workers who said they have saved for retirement fell to 69% from 75% in 2009.
Due VanDerhei While the decline in the savings rate is currently equal to job losses, mortgage problems and the suspension of the company’s 401 (k) in 2009, he said the economy is not entirely to blame.
“In previous years there was a lot of people, the scratches,” said VanDerhei.
The gap between what the Americans have saved and what they need for retirement is forcing workers to extend their working lives a year.
The survey found that 24% of workers said they have planned their retirement last year, moved, an increase of 14% in 2008.
But as concerns mount regarding the cost of healthcare and employment prospects, the survey showed that attempts have been only 46% of the employees to calculate what they need to ensure a comfortable living in their golden years.
“People just do not want to think,” said VanDerhei. “Everyone thinks that they are too young to think about until they suddenly too old to do something.”
In general, the planners say that financial retirement, including benefits and pensions, should be large enough to approximately 80% of pre-retirement income needs.
) To that end, to “Most Americans live in a healthy range of 6% – 10% (salaries,” said Beth McHugh, Vice President of Fidelity Investments to invest in the workplace.
But the survey, 54% of workers with some form of savings, which they said less than $ 25,000 tidy.
Postponement of pension, but not ideal, is a good sign that people are confronted with the reality.
“The people who have thought of saying not enough money,” VanDerhei. “But I’d rather bite the bullet today, then the probability that they had a job when they are 65.”
The 1153 EBRI interviewed American workers and retirees aged 25 and older, in January.
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