Wednesday, August 11, 2010

The Retirement Outlook is Distressing for Many...


7 out of 10 (71%) of adults aged 25 and older said they were personally in control of their finances and make financial decisions themselves.

45% believe poor financial markets will leave them with less money in retirement.

Half of those who are not yet retired (48%) believe they will not have enough money to maintain their current lifestyle in retirement.

Half of those already retired (53%) are concerned about their current financial situation.

Half of those with 401(k)s have balances of less than $5,000!

7 out of 10 adults not yet retired (69%) say they have a lot more to do financially before they are ready to retire.


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