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Many Workers Skeptical About Retirement

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NU Online News Service, Feb. 4, 2004, 3:23 p.m. EST – Many U.S. workers believe they will have to keep working after they “retire.”[@@]

When researchers from NFO World Group Inc., Greenwich, Conn., surveyed 728 full-time employees through the Web in September 2003 for MetLife Inc., New York, they found that 48% of the employees believe they will have to work at least part-time during retirement to maintain financial stability.

The researchers also found that 48% of the survey participants cited “outliving their savings” as their greatest retirement fear.

Only 57% of the participants have done some retirement planning research on their own, and 53% of the participants believe they are at least somewhat behind on meeting their retirement savings goals.