Americans sure do worry about their finances. According to a new survey from the mutual fund firm Legg Mason, investors say they devote an hour and 20 minutes to their financial worries every single day. That's a total of 475 hours a year.
That's just the average. Legg Mason also found a hardcore group, about 10 percent of all investors, who spend two to three hours each day thinking or worrying about money. That's close to a thousand hours a year, or 125 eight-hour workdays, all spent fretting over finances.
What are all these people worrying about? Six out of 10 said they were not confident or only “somewhat confident” about their ability to retire “at the age I want to.” It sounds like they should spend less time worrying and more time taking control of their retirement plans.
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