Most adults not saving enough to retire

Posted at 6:49 AM, Feb 20, 2013
and last updated 2013-02-20 08:49:51-05

CNN Money– Are you saving enough for your golden years? A new worldwide study suggests most adults are not putting away enough for retirement.

The study commissioned by HSBC found more than half of the world’s working population is not preparing adequately for retirement. Nearly one in five workers aren’t saving anything at all.

The survey found most blame the daily cost of living as the biggest reason folks can’t afford to save. Among those who do save, on average, they expect retirement to last 18 years– but they believe their savings will run out after just ten years.

Source: CNN.