New Study Shows That Many People Expect to Delay Retirement

Plenty of Americans have not started the process of retirement planning at all or admit that they feel that they are in over their head and haven’t set aside enough money. With increasing longevity numbers and rising cost of long term care, retirement planning has become increasingly important.

However, a new study completed by Northwestern Mutual indicates that many people expect to delay their retirement years as a result of financial concerns. This comes from the 2018 planning and progress study known as Living Long and Working Longer, which discusses some of the long term financial security threats currently facing the older generation. 

More than 2,000 adults were included in this study and 8 out of 10 people say they are somewhat or extremely concerned about being able to achieve an affordable retirement. Up to two-thirds of U.S. adults who responded in the study believes that it is possible that they will outlive their retirement savings.