More older workers worry about retirement - Tampa Bay Business Journal:

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The Arlington, Va.-based human resource firm says among workers 50 to 64yeard old, only 44 percent are confident they will have enough mone to live comfortably five yearsx into retirement. That is down from 63 percentg in 2007. The outlook 15 yeare into retirement is even with just 18 percent of older workers confident of beinghfinancially comfortable, compared to 34 percent in 2007. “Retiremen t security is a huge concern as individualas have seen significant amounts of their pensio n and retirementsavings decline,” says Watson Wyattt senior retirement consultant David Speier.
“The financial crisisz has been especially damaging to older workerss who are worried about potential job losse s and have experienced highedr stress levels over thepast year.” As retirement approaches, oldeer workers are scrambling to shore up their with 19 percent increasing theif savings rate and 34 percent consideringt doing so, the Watson Wyatrt (NYSE: WW) survey says.