Accenture: Majority of People Globally are Worried About Post-Retirement Finances

ACCENTURE, the global consultancy, has issued a REPORT and 15-country survey on people’s attitudes toward their post-retirement finances.  Among its key findings:

  • A majority of people globally are worried about outliving their money at retirement
  • Only about one in six people are confident their current level of savings is sufficient to cover post-retirement financial needs
  • More than half don’t know how to prepare for retirement
  • Nearly half turn to friends and family for retirement advice, ahead of life insurers and banks

New York; July 25, 2012 – More than four out of five people (82 percent) are worried about their financial situation after retirement and almost nine in ten people (89 percent) say it is important for them to start saving now, according to a global Accenture (NYSE: ACN) survey of more than 8,000 people from 15 countries.

The survey also reveals that more than half (53 percent) of the respondents believe they lack the necessary information to prepare for retirement and the financial capacity (57 percent of respondents) to invest in private pension. READ MORE.