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March 20, 2013

Stocks aren't boosting retirement confidence

  • In a new survey, 57 percent said their household savings and investments are less than $25,000, excluding home equity and pension benefits.
    • By MARK JEWELL
    AP Personal Finance Writer

    Workers appear to have little faith that the economic recovery and the stock market's climb have left them better-prepared for retirement.

    Confidence in the ability to afford a comfortable retirement remains at the same record low level recorded in 2011, and is slightly lower than last year, according to the Employee Benefit Research Institute, which has conducted the study the past 23 years.


     
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