NU Online News Service, March 18, 2005, 4:20 p.m. EST

Few Americans understand how hard it will be to support themselves in their old age.[@@]

Thrivent Financial for Lutherans, Minneapolis, has published data supporting that conclusion in a report on a survey of 661 “non-retired” U.S. adults conducted by outside researchers in late 2004.

The researchers found that only 23% of participants with annual incomes over $75,000 and only 22% of all participants reported “being worried” about their retirement finances.

Only 2% of the high-income participants and 4% of all participants said they were “in a panic” about their retirement finances, Thrivent reports.

Thrivent notes that 14% of high-income survey participants ages 50 to 64 and about 20% of all participants in that age range say they have saved less than $5,000.