Workers who think they have excellent chances of living to ages75 and 85 plan to work longer than those who think their chancesare poor, according to a new study by the Center for RetirementResearch at Boston College.

With life expectancy of 65 having increased dramatically in thepast few decades, longevity has sharply increased the time spent inretirement, said the researchers.

And with Social Security and employer pension plans replacing a smaller share of earnings forretirement at any age, working longer has become increasinglyessential to secure an adequate income in later years,

Continue Reading for Free

Register and gain access to:

  • 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
NOT FOR REPRINT

© 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.