About a third of working adults say they will delay
their retirement plans-with many saying they need extra working years
to save for retirement or retain health benefits.
The survey by Fidelity Investments of workers 25
years of age and older also found that single men were those most
likely to plan for a delayed retirement.
As for their reasons for delaying retirement, 55% of
workers say it's because they have not saved enough money, 35% say they
started saving too late and 34% say they need to retain
employee-sponsored health benefits.
Younger workers, those between the ages of 25 and
40, were most likely to cite college costs as the reason for a later
retirement, while those 55 and older were more likely to blame poor
savings.
"Our study findings reflect what we are seeing in
our own client interactions every day: too many people are delaying
their retirement dreams for lack of planning and adequate savings,"
says Jeffrey R. Carney, president of Fidelity Personal Investments.