Survey Finds Boomers Preparing To Work in Retirement

A survey conducted by SunAmerica Financial Group in collaboration with Age Wave reports that more Americans are expecting to retire later and work throughout it. The "SunAmerica Retirement Re-Set Study" found a significant shift in attitudes and actions since 2001, when SunAmerica conducted its initial landmark retirement study with Age Wave. In particular, it reports that:

• 54% of people 55 and older view retirement as a new chapter in life, rather than a winding down—-up from the 38% that held a similar in 2001
• pre-retirees say they now intend to delay retirement by five years—-from 64 to 69
• almost two-thirds of those surveyed say they would ideally like to remain productive and include some work in retirement to stay active and involved

Source: SunAmerica Financial Group Press Release (July 12, 2011)