Seventy-one percent of those polled said they saved for their later years, compared to 75 percent last year. The diminished confidence is likely because of the stock market's tumble, the shaky economy and increasing unemployment, the survey indicates. Americans also appear to be less optimistic about retirement and fewer people think they will have enough money to live comfortably during their leisure years, according to the survey. Many workers are underestimating how much money they will receive from Social Security, agreed Ablin. This latest survey also confirms the statistics born out in a report issued earlier this month that showed baby boomers who are turning 50 are starting to worry because their savings are not as high as they should be.
Financial planners say the solution is simple.
It's never too late to start saving, said Ablin. You need to do it, that's the bottom line. The measure passed in the House, and some lawmakers expect it to clear the Senate later this year. Earliest info on new businesses, homeowners Sales Prospecting Center Real info, real opportunities. Hire Jacksonville Fill an opening, find a job Internet Directory Local businesses on the web Merchant Services Start accepting credit cards online.