There's more evidence that employees are nervous about not having enough to retire on.
According to the 2009 retirement confidence survey from the Employee Benefit Research Institute, workers who said they are very confident about having enough money for a comfortable retirement this year hit the lowest level in 2009 (13%) since the survey started asking the question in 1993, continuing a two-year decline.
The economy, inflation and cost of living increases are among the top concerns for their lack of confidence about retiring. As a result, 89% said that they have postponed retirement with the intention of increasing their financial security. The percentage of workers planning to work after they retire has increased to 72% in 2009, which is up from 66% in 2007.
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