Even later in life, peer pressure has the ability to make people do things they might not do otherwise, like save more for retirement.

A new consumer survey by the ING Retirement Research Institute found that more than half of all respondents said they would be motivated to save more for retirement if their nest eggs didn’t measure up to those of their peers. Twenty-seven percent said that the size of their retirement account was an important attribute for benchmarking themselves against others—much more significant than their material possessions (17 percent) or salary (16 percent).

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2022 ALM Global, LLC. All Rights Reserved.