Workers Have Retirement 'Overconfidence': Financial News - Yahoo! Finance
Workers Have Retirement 'Overconfidence': Financial News - Yahoo! Finance
Scary stuff
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The Employee Benefit Research Institute's annual retirement confidence survey, released Tuesday, found that about 68 percent of workers are confident about having adequate funds for a comfortable retirement, up slightly from 65 percent in 2005.
At the same time, more than half of all workers say they've saved less than $25,000 toward retirement, according to the Washington, D.C., based research group. Even among workers 55 and older, more than four in 10 have retirement savings under $25,000.
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posted by Ga Mountain Man at 10:01 PM
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