Search
 

Most workers plan to delay retirement by three years

Towers Watson expects the trend to become more pronounced in future years.

By Warren S. Hersch | Updated on October 09, 2014

A common theme of studies into retirement planning is that a growing number of Americans is, for a host of reasons, delaying their golden years. Offering further insights into this trend is Towers Watson, which in a new report explores which workers are delaying retirement and why.

A key finding of the report is that American workers, most notably men, are entering the workforce later and staying on the job longer. In 2013, nearly a quarter of men over age 65 (24 percent) were in the workforce. This compares with 17 percent in 1990, a 7 percent increase. Among women, the labor force participation rate of those over 65 in 2013 was 15 percent, a 6 percent rise from the 9 percent participation rate recorded in 1990.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 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.

Dig Deeper

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.