If an individual does not save for retirement, that individual is compromising the quality of life after retirement. More than half of the workers in the United States are afraid that they are not going to be financially secure when their time to retire rolls around, and many even say that they will most likely have to keep on working, according to study by the Financial Services Forum, Reuters reports.

"The results of this survey show us that for a comfortable retirement, Americans are going to need to become far more serious about their retirement savings," Forum CEO Don Evans said.

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