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According to a 2008 survey of small business owners, "68% of the business owners have set up a plan [for their own retirement] or are starting to create one, and seven in 10 already have a savings plan to reach their goal. More than a third (35%) said their own retirement plan is solid, and another 10 percent will have a plan in place by year-end."
National Association of Professional Employee Organizations. (2008). Report on the February 2008 survey of small businesses: Small businesses outpace larger ones in planning for impact of aging workforce. Alexandria, VA: NAPEO. Retrieved from http://www.napeo.org/newscenter/research.cfm
Approximately 400 small business owners participated voluntarily in the February 2008 survey conducted by the National Association of Professional Employer Organizations [NAPEO]. Three-quarters of the 404 businesses in the NAPEO survey have 50 or fewer workers; of these, 31 percent have 10 or fewer, 24 percent, 11-20 workers, and 21 percent, 21-50. The other quarter have 50 or more, with 11 percent reporting 100 or more.
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140 Commonwealth Avenue - McGuinn, 6th Floor - Chestnut Hill, MA 02467
Email: age.work@bc.edu - Phone: 617.552.9195 - Fax: 617.552.9202
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