EBRI: 30% haven't saved for retirement

By Gary Linnell

ProWEB Wire (Industry News)

More than 30 percent of workers haven't saved for retirement -- an increase from 25 percent in 2009 and 28 percent in 2008, the Employee Benefit Research Institute reports.

The EBRI's 2010 Retirement Confidence Survey also indicates that, of those who do have savings, one in four has saved less than $1,000.

And, although only 69 percent of workers have retirement savings-- down from 78 percent in 2000 -- Americans' confidence in a comfortable retirement has held steady at about 50 percent.