Four in 10 workers are planning to delay their retirement, according to a survey of 9,100 employees by Towers Watson. Sixty-eight percent of older workers said they were making the delay to keep healthcare coverage, and 61% blamed the decline in their 401(k).
In addition, a majority are prepared to spend less in retirement, 34% are increasing their monthly savings and 63% are actively paying off debt in order to have greater peace of mind about their future retirement and health benefits. By comparison, in 2009, only 19% were increasing their monthly savings and 33% were paying off debt.
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