Respondents planning to delay retirement, not saving for retirement, or saving less than last year cited several reasons for postponing, including:



Expect to delay retirement		46 percent
	Haven't saved enough	34 percent
	Retirement investments have declined in value	18 percent
	Too much debt	14 percent
	Need to keep healthcare coverage	14 percent
	Supporting children/grandchildren	9 percent
	Don't want to retire (prefer to continue working, not ready for lifestyle change, etc)	9 percent
	Other	2 percent

Not saving for retirement		35 percent
	Too many other expenses	45 percent
	Debt to pay off	28 percent
	Income is lower than last year	15 percent
	Don't know how to save for retirement	4 percent
	Other	4 percent
	Don't know how much to save for retirement	3 percent

Saving less than last year		38 percent
	Too many other expenses	37 percent
	Income is lower than last year	28 percent
	Debt to pay off	27 percent
	Don't know how much to save for retirement	3 percent
	Other	3 percent
	Don't know how to save for retirement	2 percent

Of those employees aged 55 to 64 who are planning to retire in the next five years (37 percent), less than half know how much income they'll need in retirement (45 percent) or have examined whether they're on track to meet their retirement goal (45 percent). Similarly, 54 percent of employees overall have not examined whether they're on track to meet their retirement goal and 48 percent are not comfortable selecting investments.

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Debt management makes retirement saving difficult

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