US EditionAlmost 1 in 4 delaying retirement over economic concerns: Poll
UNITED STATES, JUL 17 – A recent survey shows 23% of Americans over 50 are delaying retirement amid inflation, recession fears, and concerns about insufficient savings and financial readiness.
- Earlier this week, a poll by F&G Annuities & Life found 23% of Americans over 50 are delaying retirement, citing economic concerns.
- Facing financial readiness doubts, older Americans report concerns about the economy and financial volatility prompting many to postpone retirement.
- Prudential Financial reports median savings for 55-year-olds is $50,000, revealing financial shortfalls, while 33% don’t want to lack purpose and 42% enjoy working, highlighting motivations to delay retirement.
- Amid economic unease, 44% of respondents fear inflation, and 70% are considering delaying retirement, showing the immediate impact on retirement timing.
- Under current rules, waiting longer increases Social Security benefits, with a 24% boost for claiming at age 70, according to poll.
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F&G Annuities & Life Poll: 23 Percent ‘Pushing Back’ Retirement
A full 23% of Americans are "definitely pushing back" their retirement over economic concerns, according to a poll released earlier this week by F&G Annuities & Life. Additionally, 70% of those surveyed said they are considering — or definitely — delaying their planned retirement date. "The current economic environment is creating significantly more stress and uncertainty for younger American investors, leading many to rethink their timelines fo…
Retirement Reconsidered 2025: Third Annual F&G Survey Reveals More American Workers Consider Delaying Retirement
/PRNewswire/ -- More than two-thirds (70%) of pre-retirees over 501 are considering or delaying their planned retirement date, according to a new survey from...
More Americans Delay Retirement Over Economic Worries, New Survey Finds
A growing number of Americans are rethinking when they’ll retire, as financial uncertainty pushes many to delay plans. A new survey from F&G Annuities & Life reveals that nearly 1 in 4 pre-retirees, 23 percent, are planning to retire later than expected, up significantly from 14 percent last year. Concerns fueling this shift include fears about insufficient retirement savings, the desire for more financial flexibility, inflation, and worries ove…
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- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
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