A random collection

Sunday, August 23, 2009

Do Gen-Xers Expect to Retire?

Who needs retirement anyway?

For many people, especially Gen-Xers, the notion of working after “retirement” may almost seem a given, especially for those who are struggling to save enough in the current recession.
2009 study by the Employee Benefit Research Institute (EBRI) found that 72 percent of workers planned to work after “retirement” — up from 66 percent in 2007. But in fact, only 34 percent of retirees said they’d actually gone to work at some point during retirement
a similar gap — if not quite as dramatic — between the age at which people expect they’ll retire and the age when they actually do

the vast majority (89 percent) say that they have postponed retirement with the intention of increasing their financial security. Nevertheless, the median (mid-point) worker expects to retire at age 65, with 21 percent planning to push on into their 70s. The median retiree actually retired at age 62, and 47 percent of retirees say they retired sooner than planned.

This one does! As soon as possible. What about you? Early? Late? Never ever? Is work all that keeps you from being bored?

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