Why Are Americans Delaying Retirement Date?

Source: John MacDonald, Employee Benefit Research Institute, EBRI Fast Facts, #138, October 1, 2009

What are some of the reasons workers are delaying retirement? How has the planned retirement age changed over time? What are the trends in labor-force participation?

Reasons for Delaying: The poor economy (36 percent) and the need to make up for losses in the stock market (28 percent) are the most-often cited reasons in the 2009 EBRI Retirement Confidence Survey (RCS). The chart below compares reasons given in 2008 and this year.

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