New news from Conference board reported in the Wall Street Journal shows that nearly 2/3’rds of Americans are now planning to delay retirement.
Financial losses, a sluggish economy, and stubborn unemployment contribute to the delay in plans and decrease in expectations. And meanwhile, the percentage of workers over 60 in the workforce is growing.
The article appears Here:
Many middle-aged Americans, though, drew down their savings during those lean years and now find that leaving the work force on their original timeline is no longer viable, he said.
They are also facing low interest rates, an uncertain future for Social Security, and a lower likelihood of receiving employer health insurance after retirement.
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