The number of Americans 60 and older who are delaying the day they leave the workforce has fallen to its lowest level since the recession.
That's according to an annual retirement survey from CareerBuilder, which found that 53 percent of workers 60 and up are putting off retirement. That's compared with 58 percent last year and 66 percent in 2010.
According to Census Bureau data, the average retirement age for men (the age at which their labor force participation rate falls below 50 percent) rose slowly between 1985 and 2008, from a low of 62 to about 64. It has held there ever since. For women, average retirement age reached 62 in '08 and was still at that level in 2013.
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.
