“With little saved, employers and aging employees share same fear: Can retirement happen?,” by Yasemin Sim Esmen, Employee Benefit Adviser

“Less than two-thirds of workers are confident that they will retire at age 65, and nearly a third of those surveyed plan to continue working in retirement, according to a Transamerica Center for Retirement survey. Sixty-two percent of baby boomers, the group closest to retirement, believe they can comfortably retire. Confidence is lowest among Generation X, who have been hit during the Great Recession and are starting to turn 50, which leaves them a limited amount of time to save. ‘Millennials are the most confident as they have the most time to save,’ says Catherine Collinson, CEO and president of Transamerica Institute and its center for retirement studies.

LTC Comment (from Damon V. Moses, President, Center for Long-Term Care Reform):

Findings from a Transamerica Center for Retirement survey dealing with work, retirement and financial security issues confronting the current primary trilogy of working generations: baby boom, Generation X and millennial.

With little saved, employers and aging employees share same fear: Can retirement happen?

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