A large majority of baby boomers are delaying their retirement by an average of five years,according to a new study.
The study, Middle-Income Boomers, Financial Security and theNew Retirement, was conducted by Bankers Life and CasualtyCompany Centerfor a Secure Retirement. It found that 73 percent of America'smiddle-income baby boomers are rethinking their retirement thanksto the economic crisis, and of those, nearly 8 in 10 (79 percent)are delaying their retirement by an average of five years.
Additionally, 14 percent of boomers believe they willnever be able to retire due to the turbulent economy,according to the study, which focused on 500 middle-incomeAmericans between ages 47 and 65 with incomes between $25,000 and$75,000.
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