Unretired: The Number of Americans Planning to Retire at 67 is Plummeting

Two publications this week reinforce the new reality of health and financial insecurity: The Vanishing Middle America issue of Advertising Age (October 17, 2011 issue) and the Sun Life Financial U.S. Unretirement Index – Fall 2011 with the subtitle, “Americans’ trust in retirement reaches a tipping point.”

The chart shows the retirement coin’s two sides: since 2008, the proportion of people in the U.S. who expect to retire by 67 dropped from 52% down to 35%; and, those who believe they will be workingfull-time (I emphasize “full,” not “part,” time) grew from 19% to 29%. 61% of working Americans plan to delay retirement at least three years due to economic factors.

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