The economy's improvement has changed the top reason people give for not saving for retirement — but that doesn't necessarily mean there's cause for celebration, because the new reason is given by even more people.
The No. 1 reason people gave in 2012 for not contributing to a defined contribution plan, according to Deloitte's 13th Annual Defined Contribution Benchmarking Survey, was an "uncertain economy/job market"— cited by 24 percent of respondents.
That's no longer the case, and in fact average account balances are now at an all-time high of more than $95,000. That's an increase from $85,600 in 2012. Also there's good news in that the number of employees participating in defined contribution plans has increased, rising 6 percentage points (77 percent in 2013 vs. 71 percent in 2012).
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