Despite a moribund economy across the country that puts pressure on families and individuals to only spend on the essentials, one in five people plan to increase their retirement plan contributions.
The news comes from a recent poll conducted by The Hartford, composed of 1,000 employed Americans ages 18 to 65. The poll also found that 78% of respondents completely or mostly understood their retirement benefits, up from 65% in 2009.
The findings of the survey come at a convenient time for The Hartford as they roll out a campaign to stimulate employee participation in employer sponsored retirement savings plans. The Hartford has designed the “It’s in Your Power” campaign to coincide with National Save for Retirement Week which begins on Oct. 16 and runs through the 22.