More than half of American workers (57 percent) expect to retire beyond the age of 65 or not at all, according to a Swiss Re global perception survey. Out of those respondents, 19 percent believe they will work at least until the age of 70 and 12 percent believe they won't ever be able to retire.
An additional 21 percent said they didn't know when they would stop working.
Workers in China, Hong Kong and Brazil had a rosier view of their ability to retire, with 78 percent, 45 percent and 42 percent of respondents, respectively, saying they would be able to retire before age 64. In all of the markets surveyed for the Swiss Re report, 38 percent of workers thought they would be able to retire before age 65. Only 22 percent of American thought they would be able to retire by the age of 64.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
