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One in Five Baby Boomers Cuts Retirement Saving
The Wall Street Journal; subscription may be required Oct. 7, 2008
Excerpt: One in five middle-aged workers stopped contributing to their retirement plans in the last year, and one in three has considered delaying retirement, according to a new survey by AARP, an advocacy group for older Americans. The numbers, from an AARP survey conducted last month, provide the latest evidence that the deteriorating economy and stock market are creating a less-than-golden outlook for the huge tide of baby-boom Americans surging into retirement age. This demographic, born between 1946 and 1964, numbers around 78 million.
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