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Half of Older Adults Surveyed Plan to Put Off Retirement

Posted on 05/17/2012 by |Money and Work | Comments

Bulletin Today | Work  We’re nearly three years into an economic recovery yet an increasing number of older Americans are still tapping into their retirement funds and pushing back their retirement date. A Bank of America survey of 1,000 working Americans in April (nearly 700 of them were age 51 and older) found that people were more pessimistic about their financial futures compared with two surveys in 2011. Respondents, who had between $50,000 and $250,000 in 401(k) plans and other assets, were asked about their …