401(k) participation in jeopardy, baby

11/17/2003 | USA Today

The average participation in 401(k) plans decreased 3.6% this year, despite the fact that only 39% of Americans believe they will have enough money to live comfortably in retirement, a survey says. The biggest drop was in the 45-year-old to 59-year-old range and people were found be more likely to take money out of their accounts when they changed jobs.

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