Filed Under:Life Insurance, Life Planning Strategies

Survey: most consumers could be motivated to save more

Photo credit: Stuart Miles
Photo credit: Stuart Miles

More than half of the respondents in a new consumer survey say they would be motivated to save more for retirement if their nest eggs didn't measure up to those of their peers. 

Published by ING Retirement Research Institute, a unit of Netherlands-based ING Groep N.V. (NYSE: ING), the survey reveals that 52 percent of consumers say they would be motivated to save more if their nest eggs didn't measure up to those of their peers. Additionally, better than one-quarter (27 percent) confirm that the size of their retirement account is an important attribute for benchmarking themselves against others—more significant than their material possessions (17 percent) and salary (16 percent).

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