Americans Still Not Close to Meeting Retirement Goals

Although Americans are spending less than they were three months ago, the deepening economic crisis is nonetheless making it more difficult for them to save for retirement.

In a retirement savings survey of approximately 1,000 people across the country, Bank of America found that 60% of respondents are spending less than they were three months ago because of the economic recession. But despite tightening their wallets, more than half, or 51%, of the general public and 40% of affluent Americans are also saving less than they were three months ago.

Americans Still Not Close to Meeting Retirement Goals
Source: Financial-Planning.com