News Summary: Workers worried about retirement

News Summary: Survey finds retirement confidence low, despite market's climb

Associated Press

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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