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Older Workers Lag In Retirement Planning

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NU Online News Service, Dec. 30, 1:23 p.m. – Employees over age 50 may be having even more trouble planning for retirement than younger workers, according to a new survey by RoperASW, New York.

The researchers who conducted the survey, which was sponsored by MetLife Inc., New York, polled 1,038 U.S. adult workers in July and August through the Web.

The researchers found that 22% of the participating employees who were over age 50 reported having done “no retirement planning,” compared with only 25% of the workers between the ages of 21 and 30.

Sixty-six percent of the participants over 50 said they were behind in retirement savings or had not started, compared with 57% of participants between the ages of 21 and 30.