Wednesday, March 01, 2006

 

MetLife Study Finds Employers/Employees Worry About Aging Workforcing and Retirement Security, But Few Take Steps To Address Situation

More than one-third (34%) of all employers - and nearly half (46%) with 25,000 or more workers - agree that the aging workforce will have a significant impact on their company, yet more than three-quarters (79%) have not taken any steps to accommodate older workers, according to the 2005/2006 MetLife Employee Benefits Trend Study. This comes at a time when one-third (33%) of Baby Boomers (age 41-60) have not yet determined when they plan to retire from work. Further, more than half (58%) of young Baby Boomers (age 41-50) are worried that they will have to work either full- or part-time to live comfortably during retirement and 61% say that "outliving retirement money" is their number one retirement-related fear. Fueling these concerns is the fact that 27% of these Boomers admit to being "significantly behind" in their savings, and one in ten hasn't even started saving.

MetLife Study Finds Employers/Employees Worry About Aging Workforcing and Retirement Security, But Few Take Steps To Address Situation
Source: Yahoo! Finance

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