Retirement No Longer Golden

Working to Live: As millions of workers across the globe look forward to retirement, their enthusiasm for the leisured life is being tempered by harsh reality. In its annual retirement survey, the Hartford Financial Services Group Inc. reveals that “many middle-aged and older adults have serious concerns about their financial security in retirement” and are doing almost nothing to shore up their finances. Hartford’s annual retirement survey polled 6,500 people in five countries. Nearly nine of 10 Japanese workers worry about having enough money for retirement, compared with 79 percent of U.S. employees, 66 percent of those in the U.K., 69 percent in Germany and 65 percent in South Korea. As a result, many people plan to “continue working in some capacity while retired,” including one of every two workers in the U.S.