Originally posted on Stop Making Sense:
The share of American workers who plan to delay retirement has grown dramatically in just two years, according to a new report.
In 2012, 62 percent of 45-to 60-year-olds reported plans to delay retirement, up from just 42 percent in 2010, according to survey results from the Conference Board, a business membership and research group. Survey respondents cited declines in home prices, job losses, and salary reductions all as factors in delaying retirement. Fully 62 percent of respondents last year said the loss of work or salary contributed to the delay, compared to 48 percent in 2010. Likewise, 62 percent cited a decline in housing values, up from 42 percent in 2010.
In addition, factors such as increasing life spans and an increase in the Social Security retirement age are likely also contributing to workers’ plans to retire later.
That may portend a poorer quality of life…
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