401(k)

401(k)

The majority of workers say that despite the economic downturn they have not been forced to change the amount of money they are putting into savings or their 401(k) plans.
The CareerBuilder survey, tied to how people will spend tax returns this year, found that among 3,900 workers found that 79% said they haven’t reduced their 401 (k) accounts or personal savings in the last year.
The survey found that 46% of workers will use their tax refund to pay off bills, a decrease from the 56% who planned to pay off debt in the 2010 survey, according to CareerBuilder.
More than half (61%) percent) said they currently live paycheck to paycheck, this is down from 77 percent who said the same in a study conducted between May 18 and June 3, 2010. In addition, 79 percent of workers said they haven’t reduced their 401 (k) accounts or personal savings in the last year.
“Even though fewer workers are living paycheck to paycheck and are saving more, workers’ wallets are still feeling the strain of the past few years,” said Rosemary Haefner, vice president of human resources for CareerBuilder, in a statement. “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.”
Sources: http://ifawebnews.com

401(k)