Most Americans Expect To Work Past Retirement Age

According to a new retirement survey from the Society of Actuaries, the number of respondents who say they do not expect to be able to retire has risen since 2009. That year, 29 percent of workers approaching retirement age said they didn’t expect to be able to retire. The latest results, on the other hand, found 35 percent of pre-retirees pessimistic about their retirement options. Among surveyed participants, nearly 90 percent of people approaching retirement age say they plan to continue working in order to stay active and engaged but, among those with financial concerns, more than 80 percent named additional income and preserving assets as their reason to keep working. Benefits were cited by 61 percent of those who plan on staying employed. Carol Bogosian, actuary and retirement expert, said current trends indicate that people may need to work longer than they originally planned. More here and here.

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