Specialist Mark Otto works on the floor of the New York Stock Exchange Tuesday, March 5, 2013. Five and a half years after the start of a frightening drop that erased $11 trillion from stock portfolios and made investors despair of ever getting their money back, the Dow Jones industrial average has regained all the losses suffered during the Great Recession and reached a new high. (AP Photo/Richard Drew)
News Summary: Workers worried about retirement
Published: 09:07:21 PM, Tue 19 March 2013 UTC
ROCKY RETIREMENT: Workers' confidence in their ability to afford a comfortable retirement remains at the same record low level recorded in 2011 and is slightly lower than last year. The Employee Benefit Research Institute released the findings from its 23rd annual survey on Tuesday.
NO-COMFORT ZONES: Twenty-eight percent were not at all confident with 21 percent saying they were not too confident. Thirteen percent were very confident and 38 percent somewhat confident.
MARKET-SHY The findings suggest workers don't believe that the economic recovery and the stock market's climb have left them better-prepared for retirement.
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