The poor economy (36%), lack of faith in Social Security or the government (16%) and a change in employment situation (15%) were the most frequently cited reasons for postponing retirement.
Among other findings:
- 42% identify job uncertainty as the most pressing financial issue facing most Americans today;
- 60% of workers report that the total value of their household’s savings and investments, excluding the value of their primary home and any defined benefit plans, is less than $25,000;
- half of current retirees surveyed say they left the work force unexpectedly due to health problems, disability, or changes at their employer, such as downsizing or closure.