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Data & Research November 20, 2008
Boomers Fret about 401(k) Account Balances
More than a quarter (27%) of Baby Boomers polled by a social-networking site for the 40 and over crowd 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 Baby Boomer poll respondents feared being able to get a new job, and 6% were afraid their pay would be cut.
The release said networking members have started discussions about “Recession Cuisine;” finding sales and deals for holiday shopping; and even dating during a recession.