Saving for retirement back in vogue, AARP says
There is a silver lining in these dismal economic times: A newfound resurgence in savings, particularly retirement savings.
There is a silver lining in these dismal economic times, according to the AARP: A newfound resurgence in savings, particularly retirement savings.
“For those just entering the work force, and even for boomers getting closer to retirement, the notion of saving for retirement is back in fashion for all age groups,” the Washington-based AARP, which represents seniors, said in a study issued today.
The AARP telephone survey of 1,035 Americans, conducted Feb. 27 through March 8, found that nearly 8 in 10 adults have either started to cut back spending or have started to save more money in the past year for emergencies and their retirement.
Of those, almost three in four are doing so to save more for retirement.
However, while saving has taken on a new priority in most households, almost two-thirds plan to spend at least some of the 2009 stimulus benefit.
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