NU Online News Service, Nov. 9, 2004, 5:05 p.m. EST
Retirees seem to be a lot more confident about federal retirement programs than working Americans are.[@@]
The Allstate Corp., Northbrook, Ill., has published figures supporting that conclusion in a summary of results of a survey conducted by an outside polling firm.
Researchers called 1,604 U.S. residents born between 1946 and 1978 and annual household incomes of at least $35,000. They also called a separate sample of retirees with annual household incomes of at least $20,000.
The researchers found that only 35% of the retirees and only 16% of the workers said they were “very prepared” financially to stop working.