<A HREF="http://ads.lifehealthpro.com/RealMedia/ads/click_lx.ads/www.lifehealthpro.com/life-insurance/life-planning-strategies/L61/2129666873/Right1/NUCO/LHProHome_GenworthLife_LifeInsurance_MedRec_10_01_2014/GenworthLife_LifeInsurance_300x250_Feb2014.html/4a4a436c483151326d56494141654851?http://ad.doubleclick.net/jump/N3382.740335.LIFEHEALTHPRO/B7973020.11;sz=300x250;ord=2129666873?">< IMG SRC="http://ad.doubleclick.net/ad/N3382.740335.LIFEHEALTHPRO/B7973020.11;sz=300x250;ord=2129666873?" BORDER=0 WIDTH=300 HEIGHT=250 ALT="Advertisement"></A> “Recent trends are being driven by both workplace dynamics and adverse economic conditions,” the report states. “Many of today’s jobs are knowledge- or technology-based, enabling workers to continue their careers well into their 60s and 70s. Moreover, many workers who might otherwise retire believe they need keep working to rebuild savings lost during the 2008 financial crisis.

“Some retirement delays are prompted by caution, with workers deciding to extend their careers to buffer any future stumbles in the financial markets,” the report adds.

Towers Watson expects the trend to become more pronounced in future years. The firm bases its forecast in part on recent search showing that more than 43 percent of full-time employees indicated last year their intention to postpone retirement. This compares with just over a third in 2009.

The report adds that nearly three quarter of individuals delaying retirement plan to stay on the job an additional three years. And nearly one-third plan to retire at age 70 or later.

Instant Insights /

Most workers plan to delay retirement by three years

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