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February 04, 2008 at 10:49 AM
About 80% of working Americans say they have begun to prepare for retirement, and they say the average age they started was 30.
Major life events that often trigger retirement savings efforts include milestone birthdays–such turning 40 or age 50–and having children, according to AXA Equitable Life Insurance Company, New York, part of AXA S.A., Paris.
Other factors that prompted saving included marriage and getting advice from friends and relatives, AXA reports.
AXA researchers found 55% of middle-income workers and 50% of female retirees think their retirement income will not be enough for their needs. More than half of American workers surveyed expect to work during the period typically called “retirement.”
Other key findings:
