More older workers worry about retirement - The Business Journal of Milwaukee:

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The Arlington, Va.-based human resources firm says amonf workers 50 to 64years old, only 44 percentf are confident they will have enough money to live comfortablgy five years into That is down from 63 percenr in 2007. The outlook 15 years into retirement is even with just 18 percent of oldert workers confident of beingfinancially comfortable, compared to 34 perceng in 2007. “Retirement security is a huge concernh as individuals have seen significant amounts of their pension and retirementfsavings decline,” says Watson Wyatt seniort retirement consultant David “The financial crisis has been especially damaginy to older workers who are worried about potential job lossesw and have experienced higher stress levels over the past year.
” As retiremengt approaches, older workers are scramblingt to shore up their with 19 percent increasing their savingz rate and 34 percent considering doinyg so, the Watson Wyatt (NYSE: WW) survey says.