Four in 10 U.S. employees planning to delay Retirement, Towers Watson survey finds (Reblogged from Employee Benefits News)
Excerpt: Four in 10 workers are planning to delay their retirement, according to a survey of nearly 9,100 employees by consulting firm Towers Watson.
Moreover, a majority of workers are prepared to spend less in retirement and are willing to pay more now for greater certainty in their future retirement and health benefits.
When asked why they’re choosing to retire later, more than two-thirds (68%) of older workers said it was to keep their health care coverage, while 62% said it was the higher cost of health care. Sixty-one percent blamed the decline in the value of their 401(k) plan.
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