Okay. It is Thursday July 10 markets -- new Yorker opening today's big number 74%. Here's -- coming from according to a -- nearly three quarters of American adults still in the work force. Say they... See More
Okay. It is Thursday July 10 markets -- new Yorker opening today's big number 74%. Here's -- coming from according to a -- nearly three quarters of American adults still in the work force. Say they worry about not having enough money to retire. Everyone I'm Dan -- in new York and -- to break on the details on the number is Rick -- from Yahoo! finance on this Thursday morning in -- every 4%. Incredibly high not a lot of optimism in these poll numbers out this morning. First the big worry is about retirement everyone is losing sleep over this. -- and that's not surprising -- look at what's happened not just during a recession but also in the aftermath of the recession. Incomes are not back to where they used to be a lot of people even people who have jobs stand earning less than they did before the recession. They don't know how they're gonna make up the difference. A lot of people who own homes still have not gotten even back to where they were in terms of the value of their house there there there household wealth has fallen. So a lot of people a lot of middle class Americans are in -- hall. And that when you can't even. Paid for all the things you've already signed up for. Obviously it's very hard to save money especially say for long term when you've got to touch you gotta put kids through college and other things like that so. The one thing the -- keep continually put aside is that retirement account -- just think you'll get to it some day. And a lot of people just don't get to it until it's too late. -- and exactly and now -- follow up question at the Harris people asked about what folks are doing to protect themselves essentially. And this is really how a kind of broke down in less than 70% are saving for retirement 46% Pakistan and the living paycheck to paycheck and we -- a lot of people that are in this kind of situation we ourselves might have been in the situation or might still be in -- situation right now. Are any of these numbers are really a surprise. You know I think it's surprising that I mean what's surprising is that things have not bounced back better than they have since the recession which was which ended five years ago if you think about it. I mean half of nearly half of Americans living paycheck to paycheck are saying they are. That's terrible. I mean that's a lot of people -- many millions of people who basically can't save money. You know one of the things that has happened is a lot of families have just gotten overextended they ended up buying more house. Than they really could afford. Especially given what's happened in the economy and when you make these kind of long term commitments on the assumption that. Your income you'll keep getting it three or 4% raise every year instead of a 3% raise or 4% raise your making less money. Five years into the future. You really have to make some adjustments I think people are trying to make those adjustments some of them are just not -- -- if he's committed to paying the mortgage on how she can't easily get out of the house and the kind of economy we have today so for those that are in the majority than what is the first step I mean is it a 401K is it an IRA is it. Too late in fact. And I it's never too late and in fact there is a little bit of encouraging news in these numbers I think it's a good thing. That 70% of Americans say they are trying to save for retirement I mean that's where you have to start is -- you have to discipline yourself to at least put something away. I mean some of the basic steps financial advisors talk about all the time is. The first of all minimize the things you buy today you maybe can't minimize food but a lot of people make impulse purchases. They pay for things on credit cards that they don't really need I mean it's crucially important to. Not get into Baghdad that's that's -- -- taking on usually your credit cards just to pay for stuff you think you wanna have -- that's a terrible way to spend. A lot of Americans develop bad habits and are they're kicking those habits but it's taking a long time. Many other the next thing is if you do have a little bit of money you can put away. Try to have money taken out your paycheck automatically. Every month so that you don't have to force yourself to say that it gets saved automatically even if you think you can't afford that. Try it see if you can get by and what's left in your paycheck and just watch. You're -- state built a little bit 401K plans if you have access to them are terrific because it's. Tax deferred money and sometimes your employer will matched part of your contribution that's free money. And just want a more to -- thrifty way to spend Dan I mean. You know when you when you look at what we -- over the last 25 years with higher piled up a lot of expenses through debt. That is not the way you get ahead -- at some point that has to be paid off and that's the whole lot of people are right now so. Regular from Yahoo! finance on this Thursday morning Rick thanks so much I was presenting. And of course you can keep up with latest headlines right here on abcnews.com. Even -- the big number I'm Dan -- -- New York.
This transcript has been automatically generated and may not be 100% accurate.