Seventy-five percent of today's workers report they expect to work for pay after they retire, says a new study from MetLife Mature Marketing Institute. According to the national survey of employed, retired, or job-seeking adults ages 55 to 70, at least 50 percent of respondents acknowledge that they've postponed their expected date of retirement.
Two-thirds of those rescheduling their retirements cite a need to rebuild financial resources as the main reason for postponement. Additionally, one in four don't expect to be able to retire within the next three to five years. Of those that are currently employed or are looking for employment, 55 percent say their primary motivation for working is earning income to cover basic expenses.
In an accompanying survey, MetLife also found that for the same age group, the average age at which respondents expected to stop working for pay was 70. For Americans still currently employed between 66 and 70, that average rose to nearly 76.
