New reason people aren’t saving for retirement

The economys improvement has changed the top reason people give for not saving for retirement but that doesnt necessarily mean theres cause for celebration, because the new reason is given by even more people.

By Marlene Y. Satter | Updated on August 20, 2014

The economy’s improvement has changed the top reason people give for not saving for retirement — but that doesn’t necessarily mean there’s cause for celebration, because the new reason is given by even more people.

The No. 1 reason people gave in 2012 for not contributing to a defined contribution plan, according to Deloitte’s 13th Annual Defined Contribution Benchmarking Survey, was an “uncertain economy/job market”— cited by 24 percent of respondents.

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