New Study Finds Workers Save More as They Near Retirement

A new report from ADP titled “The Retirement Savings Paradigm: Factors Influencing Saving” found that workers saved more when they approached retirement. 

The report states “The study found that 60 percent of full-time employees saved for retirement at a rate averaging 7 percent. As employees aged and drew closer to retirement age, a higher proportion of them saved and they saved at a higher rate.”

A copy of the report is available here.