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More Americans see retirement is possible

Feb. 27, 2014 at 12:01 AM   |   Comments

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CHICAGO, Feb. 26 (UPI) -- More older U.S. workers are saying they won't have to put off retirement and fewer are resigned to never retiring, a survey found.

The survey conducted Nov. 6 to Dec. 2 by the Harris Poll for CareerBuilder found 58 percent of respondents over 60 indicated they had put off their retirement. That's down from 66 percent in 2010 and 61 percent in last year's poll, CareerBuilder said.

The survey, which included 433 full-time workers age 60 or older, also found 1-in-10 respondents indicated retirement was out of the picture. That's about a 10 percent improvement from last year when 11 percent indicated they would never retire.

Fifty percent indicated they would retire within four years, a 3-point improvement over last year's poll, when 47 percent indicated they would need four more years of work to be able to retire.

"While achieving a secure retirement is still a challenge for many in the workforce, the survey points to some positive trends," Brent Rasmussen, president of CareerBuilder North America, said in a statement.

Fewer workers indicate they will put off retirement compared with the recession years and more workers indicate they will retire without having to keep a part-time job to supplement their income, Rasmussen said.

The survey results were gleaned from interviews with full-time workers 60 or older who were not self-employed or government workers.

The results of the survey carry a margin of error of plus or minus 4.71 percentage points, CareerBuilder said.

Topics: Older U.S.
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