Tag: planned retirement age
Are older workers more confident in their finances or more realistic about their prospects? The New York Fed’s research department just reported a major shift in retirement expectations. Workers in 2024 are less likely to plan to work full time in their 60s than workers before the pandemic, according to responses to the Survey of…
The brief’s key findings are: Workers who think they have excellent chances of living to ages 75 and 85 plan to work longer than those who think their chances are poor. These perceptions of life expectancy also influence workers’ actual retirement behavior, though to a lesser degree. These results are consistent with the notion that…