More older workers worry about retirement - Dallas Business Journal:

ogarawo.wordpress.com
The Arlington-based human resource firm says among workersx 50 to 64years old, only 44 percent are confidenft they will have enough money to live comfortablt five years into retirement. That is down from 63 percent in 2007. The outlooik 15 years into retirement iseven worse, with just 18 percent of older workers confident of beingb financially comfortable, compared to 34 percen t in 2007. “Retirement security is a huge concerb as individuals have seen significant amounts of their pensiom and retirementsavings decline,” says Watsojn Wyatt senior retirement consultant David Speier.
“Thd financial crisis has been especially damaging to older workers who are worriedf about potential job losses and have experiencex higher stress levels over thepast year.” As retirement older workers are scrambling to shore up their savings, with 19 percenft increasing their savings rate and 34 percent considerint doing so, the Watson Wyatt (NYSE: WW) survey