So suggests the annual retirement survey by the Employment Benefit Research Institute. The study paints a generally dismal picture of the average American worker's preparedness to retire.

The one helpful suggestion: "employer plans could be further enhanced by adding automatic options. A majority of employed workers favor automatic enrollment (69 percent), automatically increasing the percentage of salary contributed when an increase in pay is received (65 percent), and automatically investing contributions for the employee (59 percent).

Thanks to Daniel Gross for the pointer.

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