Nearly 3 out of 4 boomers say they are postponing retirement
March 11, 2010 by Christian SchappelPosted in: In this week's e-newsletter - benefits, Latest News & Views, Money, Pay and benefits, Retention and turnover
The fact that baby boomers are now planning to work past the typical retirement age isn’t news — but just how many plan to do it may surprise you.
A whopping 72% of workers age 60 or older are putting off retirement because they feel they can’t afford to retire, according to a new Harris Interactive/CareerBuilder study.
And it appears women are more likely to stay on the job than men — 76% of women said they plan to work longer because they can’t afford to retire, compared to 68% of men who said they’ll stay in the workforce.
Luckily for most (71%) of those who want to keep working, they enjoy their job and don’t want to leave.
Some other reasons older works say they want to stay on the job:
- To collect health insurance or other additional benefits they need (50%)
- They think retirement will be too boring (24%), and
- They enjoy feeling needed (15%).
Tags: baby boomers, CareerBuilder, Harris Interactive, health insurance, retirement
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March 12th, 2010 at 10:23 am
Yet, again, both the people who asked the survey questions as well as the people who responded to the questions confused the words – “PLAN” and “HOPE.” Few have PLANS but many HOPE.