Ill-Informed Retirees Are Beginning to Pay the Consequences
December 20, 2006 posted by Dave
NEW YORK–(BUSINESS WIRE)—-Despite repeated warnings that they need to save more–and to start at an earlier age–than their parents, nearly half of young workers and one-third of GenXers haven’t even begun to plan or save for retirement, according to MetLife’s recently released Employee Benefits Trend Study. Young workers between the ages of 21 and 30 are the most unprepared, with nearly half (40%) lacking retirement goals and/or savings. GenXers between the ages of 31 and 40 are also significantly behind, with nearly one-quarter (23%) admitting that they haven’t started to save, and an additional 8% saying they have no retirement savings goals.
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