More than two-thirds of Americans are most concerned with short and midterm financial spending, according to a new study by Prudential Financial Inc.[@@]
The study, “Roadblocks to Retirement,” also noted that 60% of respondents indicated they are behind schedule in saving for retirement. The vast majority now expects to work longer and to continue working into retirement, says Prudential, Newark, N.J.
Women face an even greater challenge, as they have to catch up more than men and, given longer life spans, likely will need their retirement resources for a much longer period.