Almost 1 out of every 4 retirement delay on economic fears: a survey
Almost a quarter of the Americans are considering delaying the date of retirement on economic concerns, according to a survey issued earlier this week.
On Wednesday, a poll from F&G Annuities & Life, an insurance supplier in De de Muen, Iowa, found that approximately 1 from 4 to 23 percent-they said before the retirees that they were retreating from the retirement date, an increase of about 10 points from last year when it reached about 14 percent.
Some concerns about the respondents in the delay of retirement were concerns about not having enough money for retirement, the desire to obtain more financial options, a greater safety network, inflation, and the hero in the potential stock market.
Nearly 3 Americans, 29 percent, said they are considering returning to work. The number increases to 54 percent when wiping younger or early retirees in the tenth generation. Among the children of children, that was 28 percent, according to the survey.
“The current economic environment creates more tension and uncertainty for the younger American investors, leading to a rethinking of the time tables of retirement as our third annual study shows,” Chris Blanc, CEO of F&G, said in a statement.
“This transformation means that the Americans are near retirement and are likely to work for a longer period or completely delaying retirement,” Blunt added. “Amid this dynamic, the need for guaranteed income becomes products such as pensions, of increasing importance to maintaining the quality of life they are accustomed to through retirement.”
The survey was conducted from May 9 to 26 between 2000 adults.