Fewer Workers Over 60 Postponing Retirement

happy worker
happy worker

As the economy gradually recovers, the pressure is off to keep working to age 60 and beyond. More mature workers are feeling comfortable about retiring now, compared to this time last year, according to a new survey from CareerBuilder.com.

The majority is still inclined to put off retirement, however. Sixty five percent of workers age 60 and over said they are delaying retirement because they can't afford to retire financially. But that's down from 72 percent who said the same thing last year.

More than one in four (28 percent) mature workers age 60 and over plan to retire within the next two years, while 27 percent are planning to retire in three to four years, and 18 percent in the next five to six years. Sixteen percent estimate it will be seven years or more before they can stop working, while one in 10 workers don't think they'll ever be able to retire.

Originally published