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<< Previous   of   Next >>   ADVERTISEMENT   CONTACT THE HERALD Mike Benbow, Business Editor benbow@heraldnet.com   Published: Tuesday, October 7, 2008 Retirement assets down $2 trillion, official says By Julie Hirschfeld Davis Associated Press WASHINGTON -- The top congressional budget analyst says pension plans have lost as much as $2 trillion in the past 15 months. Peter Orszag told a House panel today that the losses are likely to force many workers to hold off on major purchases and delay their retirements. The panel was investigating how the housing, credit and financial troubles battering the economy have affected retirement savings. More than half the people surveyed in a recent Associated Press-GfK poll said they worry that they will have to work longer because the value of their retirement savings has declined. READER COMMENTS Be the first to comment. You must be a registered user and verify your e-mail address to post comments to blogs or articles on HeraldNet. To register, click here. To read other terms and conditions, click here. Log out

1. Teen dies after Granite Falls crash 2. Bikini coffee stands to be regulated as adult entertainment 3. Sultan brothers plead guilty in death of rival gang member 4. Body found after house catches fire north of Bothell 5. Gregoire unveils budget with deep cuts, will press for tax hikes 6. Grief and gratitude expressed for four slain officers 7. Two teenagers hurt in crash near Granite Falls 8. Friends and family honor Clearview couple who loved always 9. Roe appointed interim county prosecutor 10. Arlington's budget is ‘bare bones' 2 - Top 10 Stories Most Talked about 3 - Top 10 Stories Most Emailed

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