401(k) plan

A significant number of Americans will live hand to mouth when retired

July 14, 2010 - 8:46am | Figures | News

No matter their income level, a significant number of U.S. workers are likely to struggle to meet basic expenses during retirement, a new study of baby boomers and "generation Xers" released on Tuesday shows.

Over 40 percent of people with the lowest incomes face prospects of depleted savings within 10 years after retirement, with that number climbing toward 60 percent after another decade, according to Washington-based Employee Benefit Research Institute (EBRI).

401(k) plan | Employee Benefit Research Institute | retirement | study

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83% of Americans are anxious about their retirement

January 15, 2009 - 4:37am | Figures | News

83% of Americans are concerned about current economic conditions affecting their retirement. A national public opinion survey reveals widespread retirement insecurity among Americans. 71% of the polled said that they feel it is harder today to retire as compared to previous generations. The study entitled “Pensions & Retirement Security: A Roadmap for Policy Makers” was commissioned by the National Institute on Retirement Security and conducted by Mathew Greenwald & Associates, Inc.

401(k) plan | Pension | retirement

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