U.S. workers seem to be responding to worries about retirement assets by planning to work longer rather saving more.
The percentage of workers who said they are very confident about having enough to live comfortably throughout retirement fell to 13%, from 16% in 2010, and the percentage who said they are not confident increased to 27%, from 22%.
Researchers at Mathew Greenwald & Associates Inc., Washington, and the Employee Benefit Research Institute, Washington, have reported those figures in a summary of results from the latest Retirement Confidence Survey, which drew on telephone interviews with 1,004 U.S. workers ages 25 and older and 254 U.S. retirees
Only 68% said they or a spouse had tried to save for retirement, down from 69% in 2010, and down from 75% in 2009.
The percentage of workers who said it is reasonably possible for them to save $25 per week for retirement fell to 62%, from 66% in 2004.