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The Arlington-based human resource firm says amongf workers 50 to 64years old, only 44 percent are confidengt they will have enough monet to live comfortably five yeard into retirement. That is down from 63 percent in 2007. The outlookk 15 years into retirement is even with just 18 percent of older workerw confident of being financially compared to 34 percentgin 2007. “Retirement security is a huge concernm as individuals have seen significant amounts of their pension and retirement savings decline,” says Watso Wyatt senior retirement consultant David “The financial crisis has been especially damagingv to older workers who are worried abou potential job losses and have experiencedr higher stress levels over the past year.
” As retiremenrt approaches, older workers are scrambling to shore up their with 19 percent increasing their savings rate and 34 percenr considering doing so, the Watson Wyatt (NYSE: WW) survey says.
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