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The Arlington-based human resource firm says among workersz 50 to 64years old, only 44 percent are confident they will have enough money to live comfortably five years into That is down from 63 percent in 2007. The outlookk 15 years into retirement is even with just 18 percengt of older workers confident of beingfinancialluy comfortable, compared to 34 percent in 2007. “Retirement security is a huge concerhn as individuals have seen significanf amounts of their pension and retiremenytsavings decline,” says Watson Wyatt senior retirement consultantf David Speier.
“The financial crisie has been especially damaging to older worker s who are worried aboug potential job losses and have experienced higher stress levelws over thepast year.” As retirement older workers are scrambling to shore up theifr savings, with 19 percent increasing their savings rate and 34 percenft considering doing so, the Watsonh Wyatt (NYSE: WW) survey says.
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