Encouraging Workers to Save: The 2005 Retirement Confidence Survey

32 Pages Posted: 8 Apr 2005

See all articles by Ruth Helman

Ruth Helman

Greenwald & Associates

Dallas Salisbury

Independent

Variny Paladino

Employee Benefit Research Institute (EBRI)

Craig Copeland

Employee Benefit Research Institute (EBRI)

Abstract

This paper reports findings of the 15th annual Retirement Confidence Survey (RCS), which points to potential solutions to the American retirement savings problem, specifically ways that could help workers save more through their employment-based retirement plans. The RCS again finds that a strong majority of Americans are skeptical that Social Security will continue to provide benefits at least equal to those received by current retirees (although confidence of the American public in Social Security has actually risen over the past decade), and helps pinpoint a number of reasons why Americans may not be preparing adequately for retirement. The survey was conducted in January 2005 through 20-minute telephone interviews with 1,253 individuals (1,001 workers and 252 retirees) age 25 and older in the United States. Random digit dialing was used to obtain a representative cross section of the U.S. population.

Keywords: Retirement attitudes and opinions, Retirement planning

JEL Classification: J26

Suggested Citation

Helman, Ruth and Salisbury, Dallas and Paladino, Variny and Copeland, Craig, Encouraging Workers to Save: The 2005 Retirement Confidence Survey. Available at SSRN: https://ssrn.com/abstract=701302

Ruth Helman (Contact Author)

Greenwald & Associates ( email )

4201 Connecticut Ave., NW
Suite 620
Washington, DC USA 20008
United States
202-686-0300 ext.138 (Phone)
202-696-2512 (Fax)

Dallas Salisbury

Independent ( email )

Variny Paladino

Employee Benefit Research Institute (EBRI) ( email )

1100 13th Street, NW
Suite 878
Washington, DC 20005-4204
United States

Craig Copeland

Employee Benefit Research Institute (EBRI) ( email )

1100 13th Street, NW
Suite 878
Washington, DC 20005-4204
United States
202-775-6356 (Phone)
202-775-6312 (Fax)

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