More workers are delaying retirement, according to The Conference Board.
“Retirement rates declined significantly during and after the great recession,” said Gad Levanon, associate director of macroeconomic research at The Conference Board. “However, we see that delayed retirement has been more prevalent for some occupations and industries. For example, the healthcare industry experienced the largest decline in retirement rates in recent years. Jobs in this field are also in great demand. On the other hand, there was almost no retirement delay among government workers, who are more likely to receive defined benefit pension plans.”