Few Americans have retirement plans - WALB.com, Albany News, Weather, Sports

Few Americans have retirement plans

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December 15, 2002

Albany- With the uncertain future of social security many people may be working past the age of 65. A congressional study shows that more than half of workers between age 25 to 64 do not have a retirement savings.

Retired insurance agent G. C. Croft says because he started his pension plan at an early age, he can use his social security as a supplement.

But, 55 year old Gary Fowler is not confident in his retirement savings, and says its very tough to make a living and save money at the same time.

The study also says only a third of employers offer retirement benefits, and only half of those who have access to savings plans participated in 2001.

Posted at 6:35 PM by elaine.armstrong@walb.com