Survey: Financial future looks grim
Published 10:51 am Friday, November 15, 2013
About 48 percent of middle-class Americans do not think they will have enough money to enjoy a comfortable retirement, according to a survey released last week by the Wells Fargo Institutional Retirement and Trust financial services division.
Based on interviews conducted with 1,000 middle-class people between the ages of 25 and 75, the survey found that only 29 percent of the people in this economic bracket have a written plan for their retirement, and only 13 percent of them consider saving for their retirement to be a financial priority like paying their bills.
The survey also found 34 percent of the population expects to work until they are at least 80 years old because they haven’t saved enough money to retire.
— From staff reports