- AARP - http://blog.aarp.org -
Workers Say Employers Getting Stingy on Pay, Benefits
Posted By Carole Fleck On March 26, 2014 @ 4:01 pm In Industrial Revolution | Comments Disabled
In a survey of 5,070 U.S. workers, 76 percent said their company made one change or another in the last two years that weakened their retirement benefits , reduced pay raises, increased out-of-pocket health care costs  or premiums, cut back on hours, laid off workers or involved a major restructuring.
The survey, conducted by the business consultancy Towers Watson and released Wednesday, also found that only 34 percent of workers expect to be better off in retirement  than their parents.
Maybe that’s why 73 percent say they expect to retire at or after age 65. Fully 24 percent are waiting until they’re 70 or older to say farewell to their bosses. And 7 percent say they’ll never retire.
Even though many say they plan to retire, that doesn’t mean they think they can afford it. Among workers 50 and older, only 24 percent say they’re very confident they’ll be able to finance the first 15 years of retirement. Almost as many, 19 percent, say they aren’t too confident they can foot the bill.
Want to read more? Click here  for the report.
Photo: AnsonLu/iStock 
Also of Interest
See the AARP home page  for deals, savings tips, trivia and more
Article printed from AARP: http://blog.aarp.org
URL to article: http://blog.aarp.org/2014/03/26/workers-say-employers-getting-stingy-on-pay-benefits/
URLs in this post:
 Image: http://blog.aarp.org/wp-content/uploads/2014/03/iStock_000024332132Small.jpg
 stingier: http://blog.aarp.org/2014/02/10/aol-reverses-401k-policy-after-blowback/?intcmp=AE-BLIL-BL
 financial security: http://blog.aarp.org/2014/01/23/tools-to-shore-up-retirement-savings/?intcmp=AE-BLIL-BL
 retirement benefits: http://blog.aarp.org/2014/03/06/is-your-employer-shortchanging-your-401k/?intcmp=AE-BLIL-BL
 health care costs: http://blog.aarp.org/2014/03/07/employers-shift-more-health-care-costs-to-workers/?intcmp=AE-BLIL-BL
 retirement: http://blog.aarp.org/2014/03/21/youre-over-50-now-what-carrie-schwab-pomerantz-tells-you/?intcmp=AE-BLIL-BL
 >> Sign up for the AARP Money newsletter: http://www.aarp.org/online-community/people/subscribeFromEmail.action?id=29636&intcmp=ILC-EMAIL-SUB-MONY
 >> Get discounts on financial services with your AARP Member Advantages.: http://www.aarpfinancial.com/content/aarpfinancial/home.html?intcmp=AE-BL-MON-DISC
 Click here: http://www.towerswatson.com/en/Insights/Newsletters/Americas/insider/2014/workers-still-uneasy-about-financial-security-and-retirement
 AnsonLu/iStock: http://www.istockphoto.com/stock-photo-24332132-ready-set-retire.php?st=172b030
 Improving Economy? Not For The Long-Term Unemployed: http://blog.aarp.org/2014/03/26/improving-economy-not-for-the-long-term-unemployed/?intcmp=AE-ENDART1-BL-REL
 Yellowstone National Park and 9 Other Budget-Friendly Trips for 2014: http://travel.aarp.org/articles-tips/articles/info-02-2013/affordable-vacation-ideas-2013.html?intcmp=AE-ENDART2-BL-BOS
 Get free assistance with tax-return preparation from Tax-Aide: http://www.aarp.org/money/taxes/aarp_taxaide/?intcmp=AE-ENDART3-BL-ADV
 Join AARP: https://appsec.aarp.org/MSS/join/application?keycode=U9ZTPH9&intcmp=AE-ENDART3-BL-MEM
 AARP home page: http://www.aarp.org/?intcmp=AE-ENDART3-BL-HP
Copyright © 2013 AARP. All rights reserved.