Filed Under:Annuities, Sales Strategies

Retired Americans left workforce earlier than expected

Health issues, layoffs cited as reasons

If they want to save enough for a comfortable retirement, nearly half of Americans concede the likelihood of being tied to the cubicle longer than expected. Is that a reasonable assumption? Can they do so? Perhaps not, according to a recent survey.

A study by PNC Financial Services Group Inc. found that 49 percent of Americans in their “prime retirement planning years” intend to work longer than expected to shore up their retirement accounts. However, more than half — 58 percent — of those 70 and under who have already left the workforce did so sooner than planned.

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Nichole Morford

Nichole Morford
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