Investors Aged 50 and Under Committed to Retirement Saving, but Most Need to Increase Their Savings Amounts

Some people are not sure how much they are saving

BALTIMORE, October 17, 2012

News

Despite the cross-currents of volatile global financial markets, a struggling U.S. economy, and political uncertainty, most investors aged 21-50 remain focused on saving for retirement, according to an online survey conducted by Harris Interactive on behalf of T. Rowe Price in August 2012 among 850 adults in the United States with at least one investment account. However, most people are not saving enough, and some are not even sure how much they are saving.

By the Numbers
Download Infographic

Selected survey findings

Quotes

Christine Fahlund, CFP®, senior financial planner with T. Rowe Price:

About the survey

The survey was conducted online within the United States by Harris Interactive on behalf of T. Rowe Price from August 8-20, 2012, among 850 adults aged 21-50 who have at least one investment account. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. Figures for age, sex, race/ethnicity, education, region, and household income were weighted, where necessary, to align them with their actual proportions in the population. Harris Interactive is one of the world's leading custom market research firms. Known widely for Harris Poll and for pioneering innovative research methodologies, Harris serves clients in 196 countries and territories through its North American and European offices and its network of independent market research firms. For more information, please visit www.harrisinteractive.com.

About T. Rowe Price

Founded in 1937, Baltimore-based T. Rowe Price is a global investment management organization with $541.7 billion in assets under management as of June 30, 2012. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers a variety of sophisticated investment planning and guidance tools. The Retirement Plan Services division currently serves more than 3,500 retirement plan sponsors and more than 2 million retirement plan participants. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research.