May 11, 2006 at 01:19 PM
U.S. workers are on track to replace 57% of their current income in retirement, up from 56% 6 months ago.
Researchers at Fidelity Investments, Boston, have published those figures in a summary of results of a recent survey of 2,000 working adults ages 25 and over with annual household incomes over $20,000.
About 52% of survey participants said they have taken some action, such as increasing retirement account contributions or reallocating portfolios, in the past 6 months, researchers say.
But the researchers note that 76% of participants say rising fuel prices have reduced their ability to save for retirement.
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