Motivated by an improving economy, 53% of senior workers
(ages 60 and older) are delaying retirement, a post-recession low, down from
58% in 2014 and 66% in 2010. However, retirement is still far off or even
unlikely for many senior workers, according to the CareerBuilder annual
retirement survey. Nearly half (49%) believe their retirement is at least five
years away, while 12% do not think they will ever be able to retirement.
Three-quarters of senior workers currently delaying retirement cite the
recession as a cause.
Reasons for delaying retirement vary among workers. The
inability to retire due to household financial situations is the number one
reason senior workers delay retirement, cited by 78%. The need for health
insurance and benefits is cited by 60%. Alternatively, many senior workers
delay retirement because they simply do not want to stop working, with
one-third of workers delaying retirement because they enjoy their job, 28%
because they enjoy where they work, and 26% because they fear retirement may be
boring.
The survey shows 54% of senior workers are planning to work
part or full-time after retirement, up from 45% last year. The three most
common jobs these workers plan to pursue in retirement are customer service,
retail, and consulting. Findings illustrate 54% of private-sector employers
hired mature workers (ages 50 and older) in 2014.
A large majority (70%) of retired senior workers plan to
focus on relaxation in retirement, while 57% say they will spend time with
family and friends, and 48% intend to travel. The survey was conducted by
Harris Poll on behalf of CareerBuilder among 438 workers ages 60 and older and
2,192 hiring and human resources managers between November 4 and December 2,
2014.
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