Magazine article ADWEEK

Saver, Non-Saver or Just Confused?

Magazine article ADWEEK

Saver, Non-Saver or Just Confused?

Article excerpt

The semi-good news from a poll by Harris Interactive for The Wall Street Journal Online's Personal Journal Edition: As the chart shows, nearly half of working adults participate in a 401(k) or 403(b) retirement plan. (The latter is the version non-profit organizations offer their workers.) Among the various bits of bad news, just 34 percent believe they'll have enough money to live comfortably in retirement. Twenty-seven percent expect they won't have enough, and 39 percent aren't sure one way or another. It's no surprise that lower-income workers are less likely to be in a retirement plan. But among workers whose employer offers a 401(k) or 403(b), 12 percent of those earning $75,000 and up choose not to participate. So do 12 percent of those in the $50,000-74,999 range, 14 percent of the $35,000-49,999s and 19 percent of those making less than $35,000. There's also a large involuntary gap: 50 percent of people in the under-$35,000 bracket said their employers don't offer them a 401(k) or 403(b), vs. …

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