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Fewer Workers Age 60 and Up Postponing Retirement, Finds New CareerBuilder Survey

CHICAGO Jan. 26, 2011 between November 15 and December 2, 2010

More than one-in-four (28 percent) mature workers age 60 plus plan to retire within the next two years, while 27 percent are planning to retire in three to four years, and 18 percent in the next five to six years. Sixteen percent estimate it will be seven years or more before they can stop working, while one-in-ten workers (10 percent) don’t think they’ll ever be able to retire.

The primary drivers for postponing retirement are financial restraints, as indicated by 65 percent of respondents, and the need for health insurance and other benefits, as indicated by 58 percent of respondents. However, mature workers are staying on board at their companies for a variety of other reasons, including:  

  • Enjoy their job (39 percent)
  • Enjoy where they work (36 percent)
  • Fear retirement may just be boring (26 percent)
  • Enjoy feeling needed (14 percent)

Rosemary Haefner

PrimeCB.com, CareerBuilder’s job site for mature workers, offers tips for workers who are facing retirement decisions:

Get the facts –

Consider part-time work –

Leverage your knowledge

Survey Methodology

between November 15 and December 2, 2010

About CareerBuilder®

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Media Contact:

CareerBuilder

Jennifer Grasz

773-527-1164

[email protected]

http://www.careerbuilder.com/share/aboutus/pr_main.aspx
http://www.twitter.com/CareerBuilderPR

SOURCE CareerBuilder

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