Fox Business (05/07/12)
A recent study from the MetLife Mature Market Institute indicates that most retirement-age Baby Boomers are leaving the work force on time. While other surveys have reported that many workers are planning to delay retirement due to financial concerns, the MetLife report found that most Boomers who have hit age 65 are either partially or fully retired. Of those not yet retired, most say they still plan to retire at the same age they had planned a year ago. Overall, 59% of those surveyed were either partially or fully retired by age 65.
The study’s results are contrary to surveys published earlier this year that found that many workers feel their retirement will be delayed or even never achieved. PricewaterhouseCoopers 2012 Financial Wellness Survey found 53% of workers expect to delay retirement, and a February CareerBuilder survey indicated that 11% of mature workers expect to never retire.
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