Search
 

Adult peer pressure could help boost retirement nest eggs

More than half of all respondents to an ING survey said they would be motivated to do more for retirement if their savings didnt measure up to those of their peers.

By Paula Aven Gladych | Updated on December 06, 2012

Even later in life, peer pressure has the ability to make people do things they might not do otherwise, like save more for retirement.

A new consumer survey by the ING Retirement Research Institute found that more than half of all respondents said they would be motivated to save more for retirement if their nest eggs didn’t measure up to those of their peers. Twenty-seven percent said that the size of their retirement account was an important attribute for benchmarking themselves against others—much more significant than their material possessions (17 percent) or salary (16 percent).

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.