Delayed Retirements Create Benefits and Cause Concerns
In the News, Money, Retirement, and Financial Issues July 18th, 2009The state of the U.S. economy has caused a large number of older workers to delay retirement. This delay has created some benefits, as well as raised concerns. The Wall Street Journal reports that in a recent survey of more than 2,200 U.S. workers, 44% of respondents age 50 or older said they plan to postpone retirement. Half of those say they plan to work at least three years longer than previously expected.
Delayed retirement is reportedly good news for employers who are unprepared for mass retirements among baby boomers. However, delayed retirement is causing concerns for other companies that may need to shed employees to remain profitable.
July 20th, 2010 at 6:01 pm
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