Study Explores Retirement Savings Habits

The Transamerica Center for Retirement Studies finds that employees who have a retirement plan available at work generally develop stronger saving habits than do those whose employers don’t offer such a plan.

For instance, workers who are offered a plan typically started saving 2 years before those without plans, according to the 11th Annual Transamerica Retirement Survey sponsored by the center, Los Angeles.

Workers with a plan are significantly more likely than those without to have developed some form of a retirement savings strategy, the study also found.