Top
Stories

Latest News

Saving for Retirement Back in Vogue, AARP Says

There is a silver lining in these dismal economic times, according to the seniors group: a resurgence in savings, particularly for retirement.

  • April 2, 2009
  • Comments (0)

There is a silver lining in these dismal economic times, according to AARP: a resurgence in savings, particularly for retirement.

“For those just entering the workforce, 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 seniors group said in a study issued Wednesday, April 1.

The AARP telephone survey of 1,035 Americans, conducted February 27 through March 8, found that nearly eight 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.

Filed by Sara Hansard of Investment News, a sister publication of Workforce Management. To comment, e-mail editors@workforce.com.

Workforce Management's online news feed is now available via Twitter

Leave A Comment

Guidelines: Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. We will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. You are fully responsible for the content you post.

Daily Q&A

How Do We Build a World-Class Recruiting Department?

I need to establish a strategic plan on how we can become a world-class staffing/recruiting department. Unfortunately, all the historical data from previous recruiting managers got tossed. Do you have any simple tips on how to begin this ambitious plan?

—World-Class Ambition, staffing manager, software/services, Pennsylvania

Read Answer

Stay Connected

Join our community for unlimited access to the latest tips, news and information in the HR world.

  • Workforce Technology (Monthly)

    Covering the latest technology trends, tools and applications that are shaping the workforce in the 21st century. Delivered the 2nd Wednesday of each month.

  • Dear Workforce (Bi-weekly)

    See what HR professionals are asking, and what Workforce Management experts are saying. Delivered the 1st and 3rd Thursday of each month.

  • Workforce Benefits (Bi-weekly)

    Stay current on all aspects of employee benefits, from health care to retirement issues. Delivered on Wednesdays.

  • Workforce Week (Weekly)

    Free weekly update on the trends in HR and new tools added to Workforce.com. Delivered each Tuesday.

  • Workforce Talent (Bi-weekly)

    See the recruiting, talent development and retention strategies of top companies and get the resources for effective talent management. Delivered the 2nd & 4th Thursday of each month.

  • Workforce Training (Monthly)

    Stay current on the latest strategies and resources for training and developing your workforce talent. Delivered the 4th Wednesday of each month.

HR Jobs

View All Job Listings

Search