A story featured in the June 20, 2007 edition of Yahoo News indicated that fewer than half of all working-age adults are not saving enough for retirement. A survey of 5,000 people showed that only 49% were setting aside enough money for when they retire, a quarter of these people not having any savings at all. This figure is compared with last year’s findings, which showed 46% not having enough put away.
This also shows that the number of working-class adults headed for an easy retirement is 6% less than that of 2005. This means that many people who are currently employed could go into retirement living on less than 70% – 80% of working income.
Two-thirds of the people not saving are men, with 31% of woman making proper arrangements for retirement. The self-employed are also a high risk group with less than a third setting aside enough money to live off of when they retire. And a third of the people who did save a little bit said they did not know what their main income would be in retirement.