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Older Workers Worried About Promised Medicare and Social Security Benefits, Watson Wyatt Survey Finds
Date:10/2/2008

ondents with less than a high school education have little to no confidence in Medicare, compared with 64 percent of those with a college degree and 57 percent of those with a graduate degree. The trend was similar for Social Security.

-- The effect of income and marital status was mixed -- these factors seem to have less impact than age, gender and educational background on retiree confidence.

"Retirement income has traditionally been likened to a three-legged stool consisting of government plans, employer plans and personal savings," said Mark Warshawsky, director of retirement research at Watson Wyatt. "With the future of Medicare and Social Security uncertain, it is critical for employers and their employees to adequately prepare for future retirement needs." For more information, read the September 2008 Insider article on Older Workers' Confidence in Social Security and Medicare: http://www.watsonwyatt.com/us/pubs/insider/showarticle.asp?ArticleID=19753

About Watson Wyatt

Watson Wyatt (NYSE, Nasdaq: WW) is the trusted business partner to the world's leading organizations on people and financial issues. The firm's global services include: managing the cost and effectiveness of employee benefit programs; developing attraction, retention and reward strategies; advising pension plan sponsors and other institutions on optimal investment strategies; providing strategic and financial advice to insurance and financial services companies; and delivering related technology, outsourcing and data services. Watson Wyatt has 7,000 associates in 32 countries and is located on the Web at http://www.watsonwyatt.com.


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SOURCE Watson Wyatt
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