Retirement Scare: 60% Of Workers Have Less Than $25,000 Saved


By Blake Ellis

NEW YORK -- Concerns about job security and piles of debt have left American workers more pessimistic about retirement than ever.

Only 14 percent of workers feel "very confident" that they will have enough money to live comfortably in retirement, while 38 percent of workers say they are "somewhat confident" and 23 percent say they are "not at all confident," according to a survey by the Employee Benefit Research Institute. The results have remained relatively unchanged since hitting an all-time low in 2009.