A new survey of affluent Americans shows that the wealthy are just as insecure about their ability to retire comfortably as their middle-class counterparts.
The survey, conducted by Harris Interactive on behalf of Wells Fargo Retirement, interviewed 801 affluent Americans between the ages of 25 and 75. What it found is that more than one-third say they need to significantly cut back their spending to save for retirement, including 48 percent of those with $100,000 to $250,000 in investable assets.
Forty percent of those surveyed said their biggest fear about retirement is they will do all the right things and still not be able to retire, and 9 percent are afraid they won't have saved enough and won't be able to recover in time for retirement.
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