More than half of Americans worry about whether they will have enough money to live on when they retire, according to the 2006 Financial Services Forum National Retirement Survey. The study found that 52% of those polled had concerns about retirement security, with nearly 33% of all Americans saying they saved nothing last year, while 25% in the 50-65 age group admitted to the same. In other findings, the poll revealed that more than half of Americans under the age of 50 say Social Security will be a “minor” source of income, compared with 60% of those 65 and older. According to the survey, 65% in the 18-34 group saying they expect to rely on 401(k) and individual retirement plans.
