More employees are planning for retirement now than in the second quarter - 57% vs. 45% -according to the Third Quarter Principal Financial Well-Being Index, a survey of 1,600 American workers. Also, only 20% of respondents are extremely happy with their current financial well-being, the lowest satisfaction level in the two-year history of the index. Fifty percent of respondents do not think their companies are concerned with their long-term financial well-being, the same results as the third quarter 2001.
Also, 80% of respondents have not moved their defined contribution assets from equities to stable value, and 69% indicated they have not changed their asset allocations. At the same time, 16% have changed how their retirement savings are invested, 9% have postponed their retirements, and 7% have increased their savings rates.