More older workers worry about retirement - Washington Business Journal:

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The Arlington-based human resource firm says amonv workers 50 to 64years old, only 44 percen t are confident they will have enough money to live comfortably five years into retirement. That is down from 63 percenr in 2007. The outlook 15 yeares into retirement iseven worse, with just 18 percent of olderf workers confident of beingt financially comfortable, compared to 34 percent in 2007. “Retirement security is a huge concern as individuald have seen significant amounts of theid pension and retirementsavings decline,” says Watsom Wyatt senior retirement consultant David Speier.
“The financial crisixs has been especially damaging to older workers who are worries about potential job losses and have experienced higher stress levels over thepast year.” As retiremen approaches, older workers are scrambling to shore up their with 19 percent increasing their savingz rate and 34 percent considering doing so, the Watsobn Wyatt (NYSE: WW) survey says.