A nationwide survey done by CareerBuilder found that although many seniors say they cannot afford retirement due to insufficient retirement savings or retirement assets the percentage of seniors postponing retirement has actually decreased from last year.
According to AdvisorOne, the survey went to 500 workers 60 and older and found 28% said they would retire in the next two years. Another 27% said they would retire in 3-4 years, and 18% are looking at retirement in the next 5-6 years. One in 10 workers surveyed said they don’t think they’ll ever be able to retire, and 16% said it’ll be at least seven years before they can stop working.
Senior employment has trended on the rise in the past half decade due to insufficient senior social security and retirement investments. However, even though many seniors will be looking for senior employment, the opportunities might not be available. A report separate from the CareerBuilder said unemployment increased slightly to 6.9% for workers 65 and older.
When are you planning on retiring? Will you be working during your retirement?
Tags: senior employment