Savings for retirement.
Nearly 7 in 10 workers believe they could work until retirement and still not save enough to meet their needs, a new survey from the Transamerica Center for Retirement Studies and the Transamerica Institute found.
“Today's workers are stuck between a rock and a hard place,” said Catherine Collinson, CEO and president of the organizations. “They are traversing disruptions in the economy, a tenuous employment market and the high cost of everyday living -- while being expected to self-fund a greater portion of their retirement income compared with prior generations. Many are struggling to save adequately.”
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