U.S. employees seem to be resisting the temptation to save less in their retirement accounts, a Hewitt Associates survey shows.
Savings rates have barely dropped, from 8 percent in 2007 to 7.8 percent in 2008, although there is a predictably aggressive shifting of assets from equities to more other investments. What's more, just 4 percent of employees have terminated their 401(k) plan contributions altogether this year, according to the analysis by Hewitt, a global human resources consulting company.
Guarenteed Retirement Account Bailout (G.R.A.B.)
Click Here to see the updated 2.0 version of the report.
Monday, November 24, 2008
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