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401(k) Plans of Most Workers are Staying Steady, Survey Reveals

By Mimi Li
Epoch Times Staff
Created: April 13, 2011 Last Updated: April 13, 2011
Related articles: United States » National News
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401(k) savings of American adults aren’t being dipped into as much as compared to recent years and more workers are putting their paychecks into savings, a new CareerBuilder survey reveals.

Four in five American workers say that their 401(k) retirement funds and savings accounts haven’t reduced in value while more than a third of them said they would use their tax refunds to boost their savings, according to a CareerBuilder statement.

“Workers may be feeling a little more fiscally secure because fewer are living paycheck to paycheck,” a press release for the survey said.

“As the economy gradually rebounds and strengthens, workers are gaining confidence. We’re seeing this already as more are investing in their futures and preparing for challenges down the road.”

Only six in 10 of those polled said they were living paycheck-to-paycheck, compared with 77 percent said they did so in a survey conducted last summer.

Additionally, fewer American workers—only 46 percent—said they would use their tax refunds to pay their bills, down from 56 percent a year ago.

The CareerBuilder/Harris Interactive survey was conducted among nearly 4,000 full-time private sector U.S. workers between November and December 2010, and has a margin of error of 1.57 percentage points.




   

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