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October 04, 2005 at 08:00 PM
Americans say if they are to save more money, they need to be paid more and the economy needs to improve, according to a new Allstate Insurance Co. survey.
The Allstate “Retirement Reality Check” survey for 2005 found many Americans financially stretched.
However, respondents said they are disciplined (87%), educated about investments (71%) and good savers (78%), according to Allstate, Northbrook, Ill.
Even 79% of those who said they “dread” retirement called themselves disciplined, as did 84% of those who are “apprehensive” about retirement.
Yet a disturbingly high 56% of respondents said their savings and investments total less than $100,000, not including their home. And 53% said they have less than $75,000 in accounts earmarked for retirement, such as individual retirement accounts, 401(k) or 402(b) plans, or in taxable accounts.
