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Economy forces workers to actively manage finances

Despite a slow rebound by the economy, many employees continue to be concerned about their ability to retire and are taking steps to get their financial houses in order.

By Paula Aven Gladych | Updated on January 20, 2012

Despite a slow rebound by the economy, many employees continue to be concerned about their ability to retire and are taking steps to get their financial houses in order.

A new survey by global professional services company Towers Watson found that the percentage of workers who said they were very or somewhat confident about having enough resources to live comfortably 15 years into retirement increased from 62 percent in 2010 to 68 percent last year. Workers are less confident about living comfortably throughout retirement, with less than half of respondents saying they were very or somewhat confident they will have enough resources to last 25 years into retirement. This compares to 40 percent who said they were very or somewhat confident in 2010.

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