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Press Release: Older workers warming to retirement

Fewer Workers Age 60 and Up Postponing Retirement, Finds New CareerBuilder Survey

By Other Sources | Updated on January 28, 2011

CHICAGO, January 26, 2011 – As the economy gradually recovers, some mature workers are feeling more comfortable about retiring now compared to last year at this time. According to a new survey from CareerBuilder, 65 percent of workers age 60 plus said they are putting off retirement because they can’t afford to retire financially; down from 72 percent who said the same last year. The nationwide survey was conducted among more than 500 U.S. workers age 60 and up between November 15 and December 2, 2010.

More than one-in-four (28 percent) mature workers age 60 plus plan to retire within the next two years, while 27 percent are planning to retire in three to four years, and 18 percent in the next five to six years. Sixteen percent estimate it will be seven years or more before they can stop working, while one-in-ten workers (10 percent) don’t think they’ll ever be able to retire.

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