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Many Americans worried about retirement

Posted On Mon, March 5, 2012

More than two-thirds of consumers are not confident that they are saving enough money to retire comfortably, according to a report from LIMRA.

The report noted that the issues surrounding saving money could become more widespread. In 13 years, the number of retirees is projected to increase by 15 million, to a total of 65 million.

"Today's economic and market uncertainties are exacerbating consumers' struggles to adequately save and plan for retirement," said Robert Baranoff, senior vice president for LIMRA member benefits. "Not surprisingly, LIMRA's recent survey found that 67 percent of non-retired Americans are not confident that they will have enough money saved to last throughout their lifetime."

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