More than one-third of pre-retirees do not expect to retire, according to new research.
The Society of Actuaries, Schaumburg, Ill., published this finding in a sixth biennial report, "The 2011 Risks and Process of Retirement Survey," which surveyed 1,600 adults ages 45 to 80 (800 retirees; 800 pre-retirees, twice the sample number of prior surveys).
Conducted on the SOA's behalf by Mathew Greenwald and Associates, Inc., and the Employee Benefit Research Institute (EBRI), the survey was carried out in July, before the most recent stock market volatility, U.S. debt downgrade and federal interest rate announcements.
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