Benefits September 22, 2008

Survey Reveals Family Savings Concerns

September 22, 2008 (PLANSPONSOR.com) - A recent online survey from Disney Family.com reveals 91% of parents say the U.S. economy is an extremely/very important issue for their families.
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According to a press release, 46% of parents surveyed say they are not able to save for their children’s college education or have not yet started saving, expecting their child to get student loans or earn scholarships. In addition, 61% of respondents indicated they are nervous about retirement.

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Even those with higher incomes are not saving for their retirement – 37% of households earning $100,000-$125,000 a year and 47% earning $125,000 or more a year reported they have not started saving for retirement yet.

Other survey findings include:

  • 67% reported their biggest economic concern as either “making ends meet” or “paying off debt.”
  • 74% of respondents have cut or reduced eating out, and 71% have eliminated personal splurges.
  • 65% of people have changed their driving habits, and nearly half of respondents feel the government should eliminate gas taxes to offset high gas prices.

The results of the survey are based on responses of 9,200 Disney Family.com visitors worldwide between August 11 and August 25, 2008.

More information is at www.family.com .

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