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"The fight is never about grapes or lettuce. It is always about people." Cesar Chavez |
:: Wednesday, February 18, 2004 ::
Lack of Information Deters American Workers from Retirement Planning, Nationwide(R) Survey Reveals PR Newswire
Among workers surveyed who have access to a 401(k) plan but choose not to participate:
- More than one in six say they will never stop working and don't plan to retire (17 percent).
- Almost 30 percent say they're counting on Social Security to be the largest source of funding for their retirement, and 20 percent will use "other personal savings".
- Four in ten (42 percent) say they do not contribute to a 401(k) plan because they cannot afford it, and 12 percent say they have more pressing saving priorities. Twenty-two percent say they plan to invest, but haven't gotten around to it yet.------------------------------------------- posted 6:54 AM :: reference link ::
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