Benefits November 20, 2008
Boomers Fret about 401(k) Account Balances
November 19, 2008 (PLANSPONSOR.com) - More than a
quarter (27%) of those polled by a social-networking site for
40+ Baby Boomers said their biggest workplace worry was the
value of their 401(k) accounts.
Reported by Fred Schneyer
A news release by TeeBeeDee said the retirement savings worry came in second, behind the key worker concern – layoffs (42%).
Twenty-four percent of the more than 500 Boomer poll respondents feared being able to get a new job, and 6% were afraid their pay would be cut.
The announcement said networking members have started discussions to share tips on “Recession Cuisine;” a Penny Pinchers group that discusses how to find sales and deals for holiday shopping and there is an ongoing discussion on dating during a recession.