A personal finance blog dedicated discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance.


Tuesday, April 05, 2005

Workers Aren't Saving Enough for Retirement

According to the Retirement Confidence Survey released today by the Employee Benefit Research Institute, while two-thirds of employees believe they will reach their retirement-savings goal by the time they stop working, fewer than half said they are on schedule to do so.

The 51% who say they are falling behind in their retirement savings blame high expenses for items like everyday bills, child-rearing, and medical costs.

It is an interesting and alarming report. You can read it by clicking on the above link.