More older workers worry about retirement - Boston Business Journal:

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The Arlington, Va.-based human resource firm says amonfg workers 50 to 64yearw old, only 44 percent are confident they will have enougg money to live comfortably five years into That is down from 63 percentr in 2007. The outlook 15 years into retirement is even with just 18 percen t of older workers confident of beinghfinancially comfortable, compared to 34 percent in 2007. “Retiremenyt security is a huge concern as individuals have seen significanr amounts of their pension and retiremensavings decline,” says Watson Wyatgt senior retirement consultant David Speier.
“The financiapl crisis has been especially damaging to older workers who are worried about potential job losses and have experiencexd higher stress levels over thepast year.” As retirement approaches, older workers are scrambling to shorew up their savings, with 19 percent increasinf their savings rate and 34 percent consideriny doing so, the Watson Wyatt (NYSE: WW) surveyh says.