The recession has not prompted many people to change their behavior and start saving more for retirement, according to a new survey by Charles Schwab.
The quarterly survey found that many Americans are neither financially nor emotionally ready for retirement, even as they approach their retirement years. Almost four in 10 Americans (39 percent) are not currently saving for retirement and, despite market losses, six in 10 Americans (62 percent) have not adjusted their thinking about what age they will retire nearly unchanged from Schwabs first quarterly retirement pulse survey in September 2008, months before the recession was officially declared.
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