Everyone knew that the recession would hurt a lot of workers’ abilities to retire when they wanted to. But the latest figures show just how badly people have been affected.
A recent survey on workers’ retirement attitudes found that a whopping 40% of workers are planning to retire later than they’d planned to two years ago.
The two groups with the largest percentage of workers planning to delay retirement?
One you can probably guess: older workers. The other: workers who claim to be in poor health.
When asked why they’re choosing to retire later, 68% of older staffers said they need to keep their healthcare coverage.
Two more points of note from the study:
- Compared to 15 years ago, employees are more willing to pay for certainty in their retirement and healthcare benefits, and
- Employees across all age groups said they are willing to trade higher pay increases for more generous retirement benefits and more predictable healthcare coverage costs.
The survey, conducted by Towers Watson, surveyed 9,080 full-time U.S. employees from non-government organizations.