More baby boomers expect to postpone retirement due to their financial situation, according to MetLife's 12th Annual U.S. Employee Benefit Trends Study. Five years after the recession and employee financial concerns remain high.
Workers are concerned about the cost and availability of health insurance coverage, a fear of losing their jobs or that company benefits will be cut. Older workers who are getting ready to retire have increased worries they won't be financially ready to retire. Many plan to keep working as long as possible.
Forty-one percent of young boomers and 39 percent of older boomers said they plan to postpone retirement due to their financial situation, compared to 39 percent of younger boomers and 33 percent of older boomers in 2012.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
