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Retirement Savings Low On Priority List

Wednesday, August 24, 2011 - 8:07 AM
From Bankrate.com
While the recession, followed by a moribund recovery, may have imperiled Americans' future retirements, market volatility is not the only culprit. A new survey from Bankrate.com has found that many Americans have curtailed or decreased contributions to their retirement savings accounts this year compared to a year ago.

Nearly 3 in 10 employed Americans (28 percent) are saving less for retirement than they did the year before, while 15 percent are saving more and 48 percent are saving about the same amount.

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