Accenture Finds Majority Worry Retirement Funds Will Run Out, Big 4.com Reports

Only about one in six people confident their current level of savings is sufficient

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(PRWEB) July 28, 2012

Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC reports on a new Accenture survey that shows 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. This information comes from a new Accenture survey.

Big4.com reports that only about one in six people (16 percent) is confident their current level of savings is sufficient to cover their financial needs after retirement. As well, less than one-third (29 percent) have private investments aimed specifically at addressing their retirement needs.

Big4.com also notes that people are more likely to ask independent financial advisors (mentioned by 51 percent of respondents) and friends and family (44 percent) for advice on the best retirement options, than to rely on insurers (41 percent) and banks (39 percent).

Accenture’s Global Retirement Services report looked at 8,000 people from 15 countries.

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