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The Arlington-based human resource firm says among workerds 50 to 64years old, only 44 percent are confidenf they will have enough money to live comfortablt five years into retirement. That is down from 63 perceny in 2007. The outlook 15 yearxs into retirement is even with just 18 percenrt of older workers confident of beingfinancially comfortable, comparedr to 34 percent in 2007. “Retirement security is a huge concern as individuals have seen significant amountse of their pension and retirement savings says Watson Wyatt senior retiremenf consultantDavid Speier.
“The financial crisis has been especially damaging to oldere workers who are worried about potential job lossee and have experienced higher stress levels over thepast year.” As retirementy approaches, older workers are scrambling to shoree up their savings, with 19 percent increasing their savings rate and 34 percent considering doing so, the Watson Wyatgt (NYSE: WW) survey says.
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