Without divulging the figure, AARP said many Americans it surveyed are still committed to saving and investing for retirement. Most respondents said that they believe the current market turmoil has slowed their retirement progress, but will not halt it.
Conversely, one-third said they dont ever expect to have enough saved to be able to leave the workforce, and 70% believe no one is looking out for the average investor.
Clearly, everyones situation is different, but overall, we believe now is the time to remain focused on the long-term and not use the current economic uncertainty and market volatility as an excuse to delay saving, investing or planning for retirement, said AARP Financial President Richard Mac Hisey.
AARP stresses that investors should remain committed to saving for retirement, regardless of short-term changes in the market.