Retirement Still Out of Reach for Most Americans
The booming stock market of recent years has improved the retirement prospects of many Americans. Still, the majority of workers age 60+ are currently delaying retirement, according to the results of a new survey.
Workforce specialist CareerBuilder said it commissioned a nationwide survey among workers age 60+ as well as human resources managers, and found that the number of workers who said they’d be able to retire within four years stood at 50%, which was up 2% from the firm’s 2012 survey.
Ten percent of the respondents felt they would never be able to retire.
There’s a large gender gap among workers planning on delaying retirement: 71% of the women survey respondents said they are delaying retirement vs. 49% who of the men. Overall, 58% said they were putting off retirement. For those that are, economic factors were cited as the #1 reason.
On a brighter note, far fewer workers are planning to take jobs after retirement. CareerBuilder said that there was a 13% drop in those who said they would seek full or part-time work after retirement from the 2012 survey (60%) to the 2013 survey (45%).
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