Ugh. According to a new survey conducted by CareerBuilder, 58 percent of workers over 60 years-old are saying they’re delaying retirement.
As for the good news? This is down from 61 percent in 2013 and 66 percent in 2010.
A sample of 433 full-time workers over the age of 60 and 2,201 hiring manager and human resources professionals were surveyed. Ten percent of the group revealed they’ll never be able to retire. Half of them indicated they will be able to retire in four years. This is up three percentage points compared to last year’s survey.
Per the press release, Brent Rasmussen, president of CareerBuilder North America, stated:
“As retirement funds rebound and the economy improves, fewer workers are delaying retirement than at the height of the recession. Additionally, more workers expect to be able to retire without having to pick up a part time job to supplement their incomes, and even if they are looking for work, more employers are actively recruiting within this age group than in past years.”
Retirement delays are primarily financial. The majority of respondents revealed they can’t afford to retire and they also need health insurance. Others simply can’t tear themselves away from enjoyable work. Others are concerned they’ll be bored once retirement sets in.