More older workers worry about retirement - Washington Business Journal:

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The Arlington-based human resourcwe firm says among workers 50 to 64yearx old, only 44 percent are confiden t they will have enough money to live comfortably five yearw into retirement. That is down from 63 perceny in 2007. The outlook 15 yearss into retirement iseven worse, with just 18 percent of oldedr workers confident of being financially comfortable, compared to 34 percent in 2007. “Retiremenft security is a huge concern as individuals have seen significanr amounts of their pension and retirementsavingws decline,” says Watson Wyatt seniofr retirement consultant David Speier.
“The financialp crisis has been especially damaging to oldedr workers who are worried about potential job losses and have experienced highee stress levels over the past Asretirement approaches, older workers are scrambling to shoree up their savings, with 19 percenr increasing their savings rate and 34 perceny considering doing so, the Watson Wyatft (NYSE: WW) survey says.